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On January 1,20XX, Cisco Corporation issued a $600,000,9%,5-yoar bond for $576,834 The bonds were sold to yield an effective interest rate of 10% Intarest is

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On January 1,20XX, Cisco Corporation issued a $600,000,9%,5-yoar bond for $576,834 The bonds were sold to yield an effective interest rate of 10% Intarest is pad annually on danany 1 The company uses the eltective interest matiod of amortization. instructions prepare a bond amortuation schedute, that shows the first three interest payment dates and prepare the journal entios for issuing the tond on January 1 , the December 31 odjusting entry and January 1 payment of interost. Attach Filo

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