On January 1, 20XX, Cisco Corporation issued a $600,000, 9%, 5-year bond for $576,834. The bonds were sold to yield an effective interest rate of 10%. Interest is paid annually on January 1. The company uses the effective interest method of amortization. Instructions: Prepare a bond amortization schedule, that shows the first three interest payment dates and prepare the journal entries for issue of bond on January 1, accrual of interest on December 31 and payment of interest on January 1. Attach File Browse My Computer Browse Content Collection