Business, 27.04.2020 03:12, zitterkoph

Novak Corp. issued 2,000 8%, 9-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.
b)Prepare the adjusting journal entry on December 31, 2022, to record interest expense.
c) Prepare the journal entry on January 1, 2023, to record interest paid.

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Novak Corp. issued 2,000 8%, 9-year, $1,000 bonds dated January 1, 2022, at face value. Interest is...