Name: Rossillin Company issued $4,000,000 face value, 8% 10 year bonds at $3,501,514. This price resulted in an effective interest rate of 10% on the bonds. Rossillin uses the effective interest rate method. Interest is paid semiannually on January 1 and July 1. Face $ 4,000,000 stated rate 8% lssued at 87.53785% effective rate 10% Life of the Bond in years 10 . Interest Payments Per Year . (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2012 01//01//12 (b) Prepare a bond discount amortization schedule . I-Bar Co. Bond Discount Amortization Effective Interest Method - Semiannual Interest Payments (A) (B) (C) (D) (E) Date Semi- annual Interest Periods Interest