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The Novak Company issued 390,000 of 11% bonds on January 1, 2022. The bonds are due January 1, 2027, with interest payable each July 1 and January 1. The bonds were issued at 92.8115 to yield 13%. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. (Round answers to 0 decimal places, e.g. 5,125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. (a) (b) (c) Date Jan. 1, 2022 July 1, 2022 + Dec. 31, 2022 Account Titles and Explanation Cash Bonds Payable Interest Expense Discount on Bonds Payable Cash Interest Expense Discount on Bonds Payable Interest Payable Debit Credit

The Novak Company issued 390,000 of 11% bonds on January 1, 2022. The bonds are due January 1, 2027, with interest payable each July 1 and January 1 The bonds were issued at 92.8115 to yield 13% Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. (Round answers to 0 decimal places, es, 5, 125 . If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manuolly.)

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