The company issued a $90,000 bond dated August 1,2021 to finance the purchase of warehouse equipment and provide the company additional cash. The bond has a contractual interest rate of 8.8% and was issued at par. The bond matures in 10 years and pays interest on July 31 and January 31 each year. Use the 360 days convention. What is the amount of interest to be accrued at December 31, 2021? (Round answer to nearest dollar and show your calculation below for full credit). Complete below the adjusting journal entry necessary for accrued interest