Premium on Bonds Payable 23,881 Bonds Payable 363,881 SHOW LIST OF ACCOUNTS Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2020. automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Interest Expense 25,472 Premium on Bonds Payable 1,728 Interest Payable 27,200 SHOW LIST OF ACCOUNTS Prepare the journal entry to record the payment of interest on January 1, 2021. (Round answers to o decimal amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1