Question 5 on August 1, 2017, Novak Corp. issued $492,000, 696, 10-year bonds at face value. Interest is payable annually on August 1. Novak's year-end is December 31. Prepare journal entry to record the issuance of the bonds. (Credit account titles are automatically Indented when amount is entered, bo not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 1 Tidented when amount is entered Prepare journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Prepare journal entry to record the payment of interest on August 1, 2018. (Credit account titles are indent manually) automatically indented when amount is ente Date Account Titles and Explanation Debit Credit y Study Aug. 1