*Brief Exercise 14-3 Your answer is partially correct. Try again. The Novak Company issued $330,000 of 7% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Novak Company records straight-line amortization semiannually. (Il no entry is required, sele the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 38,548.) No. Date Account Titles and Explanation Debit Credit (a) January 1, 2017 Cash 3306900 Discount on Bonds Payable 23100 Bonds Payable 330000 (b) Tuly 1, 2017 interest Expense 23100 Discount on Bonds Payable 34050 tec 31, 2017 Interest Expen 23100 2 Discount on Bonds Payable Interest Payaba 711550 Type here to search o RI hp