On July $1,2020$ Novak Limited issued bonds with a face value of $\backslash (\backslash$$ $1,040,000\backslash )$ due in $20$ years, paying interest at a face rate of $\backslash (7\backslash \%\backslash )$ on January $1$ and July $1$ each year. The bonds were issued to yield $\backslash (9\backslash \%\backslash ).$ The company's year$-$end was September $30.$ The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF $1.$ Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$ Using $1.$ factor Tables $2.$ a financial calculator, or $3.$ Excel function PV$,$ calculate the premium or discount on the bonds. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.5,275.)$ on bond $\backslash (\backslash$$ $\backslash )$ Prepare a partial Bond Premium$/$Discount Amortization Schedule for Novak Limited. Only prepare the entries in the schedule for July $1,2020,$ January $1,2021,$ and July $1,2021.($Round answers to $0$ decimal places, e$.$g$.5,275.)/$r$/$n Prepare the journal entry to record the issue of the bonds. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.)$Prepare the year$-$end accrual entry for Novak Limited at September $30,2020.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.)$Prepare the journal entry on January $1,2021$ when Novak makes the first payment of interest on the bonds. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.)$