The Novak Company issued 310,000 of 10% 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 108.11 to yield 8%. Prepare the journal entries for (a) January 1. (b) July 1 and (c) December 31 (Round answers to decimal placer og 5 135 If

The Novak Company issued 310,000 of 10% 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 108.11 to yield 8%