Sheridan Corporition had the following transactions in $2020$ and $2021$ pertaining to debt imwetenents.

Purchased $6511$ K$.$ $$1,000$ Wolle Co$.$ bonds for $$66300$ cash on January $1,2020.$ Interest is payable arrually on Jaruary $1.$

Accrued interest on Wolfe Ca$.$ bonds on Decimber $31\mathrm{.}2020.$

Receivid inturest on Wolfe Co bonds on January $1,2021.$

Sold $35$ Wolfe Co$,$ bonds for $$38,500$ on January $1,2021.$

$(3).$

$($b$)$

Your answer is partialy correct.

Prapare the adjusting entry for the wcerual of interest at December $31.2021.$ fCredit occount viles are autamatically indented when the amount is entered. Do not indent monually. If no entry ls repuired, select $\text{'}$No entry' for the acrount biler and enter O for the amounts. the debit entry hefore crefit entry$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$Dec$.31,,,]]$