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Question 1 Acco Question 2 Mounting or On January 1, 2020. Novak Corporation issued $570,000 of 9% bonds, due in 8 years. The bonds were
Question 1 Acco Question 2 Mounting or On January 1, 2020. Novak Corporation issued $570,000 of 9% bonds, due in 8 years. The bonds were issued for $539,112, and pay interest each July 1 and January 1. Novak uses the effective-Interest method Prepare the companys journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective-interest rate of 10%. (Round intermediate calculations to 6 decimal places, eg, 1.251247 and final answer to decimal places 63.38,548. I no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered Do not indent moral) Account Titles and Explanation Debit Credit Question 3 Accounting De Date 549312 Question 4 Accorre JOBB Decount on Bonde Bands Pavate Viewing Que An Droo 570000 Question 6 Discount on todele 150 Question 30955 Question Dicton and we Interest Pube Question 9
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