On August 1, 2022, Novak Corp. issued $492,000, 6%, 10-year bonds at face value. Interest is payable annually on August 1. Novak's year-end is December 31. G (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Aug. 1 Cash Bonds Payable eTextbook and Media List of Accounts Debit Credit 492000 492000 Attempts: unlimited (b) Your answer is partially correct. Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 4 Date Account Titles and Explanation Dec. 31 Interest Expense Interest Payable eTextbook and Media Debit 246 Credit 246