Novak Corporation issued $510,000 of 7% bonds on November 1, 2020, for $542,033. The bonds were dated November 1, 2020, and mature in 8 years, with interest payable each May 1 and November 1. Novak uses the effective-interest method with an effective rate of 6%. Prepare Novak's December 31, 2020, adjusting entry. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 38,548. 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.) Date Account Titles and Explanation Debit Credit