Current Attempt in Progress Novak Corporation issued 1,000, ten year, 6% bonds for 102 on January 1, 2020. Interest is paid annually. Each $500 bond carried a detachable warrant allowing the holder to purchase 200 common shares in Novak at $6 per share, the price at which Novak shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 7%. On June 30, 2020, 50 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 June 30 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit