Novak Corp. issues $2.60 million, 10-year, 11% bonds at 96, with interest payable on December 31. The straight-line method is used to amortize bond discount. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit Prepare the journal entry to record interest expense and bond discount amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit