The following section is taken from Ohlman Corp.s balance sheet at December 31, 2016.

Current liabilities
Interest payable	$134,550
Long-term liabilities
Bonds payable,9%, due January 1, 2021	1,495,000

Bond interest is payable annually on January 1. The bonds are callable on any interest date.

Prepare the entry to record the accrual of interest on December 31, 2017.(Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31