On October 1, 2024, Novak Corp. issued $840,000,8%, 10-year bonds at face value. The bonds were...

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On October 1, 2024, Novak Corp. issued $840,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2024, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Oct. 1, 2024 Account Titles and Explanation Debit Crec eTextbook and Media List of Accounts Save for Later Attempts: 1 of 15 used Submit Answer On October 1, 2024, Novak Corp. issued $840,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2024, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Oct. 1, 2024 Account Titles and Explanation Debit Crec eTextbook and Media List of Accounts Save for Later Attempts: 1 of 15 used Submit Answer