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GoodFoods, Inc issued $ 7 6 0 , 0 0 0 of its 2 0 - year, 8 % bonds on Janaury 1 , 2

GoodFoods, Inc issued $

760, 000

of its

20 -

year,

8 %

bonds on Janaury

1, 2024 .

Bonds were priced to yield

10 % .

GoodFoods uses the effective interest method to record its semi

-

annual interest payment

1 .

Calculate the semi

-

annual interest payment

2 .

Pricing the bond

3 .

Record the bond issuanceents.

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