On May 1, 2019, Novak Corp. issued $660000, 12%, 5-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annually on May 1. Financial statements are prepared annually on December 31. 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 Debit Credit May 1,2019 eTextbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31,2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31,2019 Show the balance sheet presentation on December 31,2019. (Enter account name only and do not provide descriptive information.) Novak Corp. Balance Sheet eTextbook and Media List of Accounts Prepare the journal entry to record payment of interest on May 1,2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1,2020 eTextbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31,2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and Explanation Debit Credit Dec. 31,2020 Assume that on January 1, 2021, Novak pays the accrued bond interest and calls the bonds at 102. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2021 To record payment of interest) Jan. 1,2021 To record redemption of bonds) eTextbook and Media List of Accounts Attempts:O of 1 used Save for Later Check