Prepare the journal entry to record the accrual of interest on December 31, 2020

wiew Policies Show Attempt History Current Attempt in Progress Wildhorse Company issued $385,000 of 5%, 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1 (a) Your answer is correct Prepare the journal entry to record the issuance of the bands. (Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Jan. 1 2020 Cash 386000 Borcs Payable 386000 e Textbook and Media List of Accxxunts Attempts: 1 af Sused (b) Your answer is partially correct. Prepare the journal 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Interest st Expense 18000 Internal Park 18000