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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 Prepare

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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 Prepare the journal entry to record the payment of interest on August 1,2023. (Credit account titles are automotically indented when amount is entered. Do not indent manually.)

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