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View Policies Current Attempt in Progress On January 1, 2020. Novak Company purchased bonds having a maturity value of $370.000 for $400.342.96. The bonds provide the bondholders with a 7% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 each year. Novak Company uses the effective interest method to allocate unamortized discount or premium The bonds are classified in the eld-to-maturity category Prepare the journal entry at the date of the bond purchase. Enter answers to 2 decimal places c2525.25. 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 bitles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan 1 2020 eTextbook and Media List of Accounts Question 1 of 14 Preparation motion schedule.loundwers to decimos, 2.525.25) Schedule of Interest Revenue and Bond Premium Amortization Effective interest Method Canh Received Interest Revenue Premium Amortised Carrying Ang of Bonds Date 1/1/20 5 1/1/21 1/1/22 1/1/23 1/1/24 e Textbook and Media Ust of Accounts + Ch 17 Homework Question of 14 1 Prepare the journal entry to record the interest revenue and the motion December 31, 2020. Round answers to deciso places 2.525 25. Cred countries are automatically indented when amount is entired Donderer sect "No Entry for the cities and enter for the mos Account Titles and Explanation Debit Credit Date Dnc as 2020 Textbook and Media List of Accounts Prepare the jours entry to record the interest revenue and the mortisation at December 31, 2021. Round wwers to 2 decimal 2.525.25. Credit account it tomatically indented when amount is entered Doretindent my front select "Nonoy for the accountries and enter for the amounts Dat Credit List of Accounts Prepare the journal entry to record the interest revenue and the amortization at December 31, 2021. Round answers to decimal places2.525 25. Credit account titles are automatically indented when amount is entered. Do not inden manually. If omtry is , required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Dec 31 2021 e Textbook and Media List of Accounts Attempts of Sused