Prepare the adjusting entry to record the accrual of interest on december $31,2021$

On October 1, 2021, Blue Spruce Corp. issued $360,000, 10%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31. Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Oct. 1, Interest Payable 2021 Cash Debit 18000 Credit 18000