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The Novak Company issued 3 3 0 , 0 0 0 of 7 % bonds on January 1 , 2 0 2 2 . The

The Novak Company issued 330,000 of 7% bonds on January 1,2022. The bonds are due January 1,2027, with interest payable each July 1 and January 1. The bonds were issued at 92.0876 to yield 9%.
Prepare the journal entries for (a) January 1,(b) July 1, and (c) December 31.(Round answers to 0 decimal places, eg.5,125. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
late
2022
2022
2022
Bonds Payable
Bonds Payable
Debit
303890
Credit
1
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
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