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Bond Excel Problem GoodFoods, Inc issued $ 7 6 0 , 0 0 0 of its 2 0 - vear, 8 % bonds on Janaury

Bond Excel Problem
GoodFoods, Inc issued $760,000 of its 20-vear, 8% bonds on Janaury 1,2024.
Bonds were priced to yield 10%.
GoodFoods uses the effective interest method to record its semi-annual interest payments.
4. Prepare the amortization schedule through 12/31/26(not the full 20 years). Add or delete rows as necessary.
\table[[Cash Pmt,Effective Interest,\table[[Discount/Premium],[Amortization]],Carrying Value],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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225. Record June 30,2024 interest payment
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6. Record December 31,2024 interest payment
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