Question: this is the second time posting this. NEED HELP ASAP On January 1,20X, Cisco Couporation issued a $600,000,9%,5 year bond for $576,834 The bonds were
this is the second time posting this. NEED HELP ASAP
On January 1,20X, Cisco Couporation 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 eflective interost method of amortization. Instructions propare a bond amortization schedule, that shows the tirst theo interest payment datos and prepare the jounal entries for issieng the bond on January 1 , the December 31 adjusting entry and January 1 peryment of interest
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