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On Augunt 1,2022, Novak Corp issued $735,000,8%,10-year bonds at face value Interest is piryble annually on NuBuat 1. Novak's year-end is Dectrmber 31. (a) Prepare

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On Augunt 1,2022, Novak Corp issued $735,000,8%,10-year bonds at face value Interest is piryble annually on NuBuat 1. Novak's year-end is Dectrmber 31. (a) Prepare the joumal entry to record the issuance of the bonds. (Credit occount titles are outomotically indented when amount is entard. Do not indent monualk. (b) Prepare the journal entry to recond the sccrual of intereit on December 31, 2022, fCredit occount bites are outomatically indented inhen omount bentered Do not indent monually) Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account cities are automatically indented when amount is entered. Do not indent manually.) (c) Prepare the journal entry to record the parment of interest on August 1,2023, (Credit occount titles are outomotically indented when amount is entered. Do not indent manually)

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