Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) On May 1, 2020. Windsor, Inc, issued $555,000,8%,5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) 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.)