Can someone explain the solution to part c here using financial calculator. The question and solution are provided. Please in a neat format.

VENIT A11-9 Amortized cost venus fair value-debt investment on I may 20X7. Bertram limited purchased S1,000,000 of fox Corp. 6.296 bonds classified as an Ac Investment. The bonds pay semi-annual interest cach I may and I November. The market interest rate was 6% on the data of purchase the bonds mature on 1 November 20XII. Required: a. Calculated the price paid by Bertram limited Solution: $ 766,420 Principal $1,000,000 x (PF,3%9.766) - Interest $31,000 (PA3%, 9) (7.78611) = Fair value S1.007789 *$1,000,000 x 6.2% x 6/12 b. Construct a table that shows interest revenue reported by Bertrum, and the carrying value of the investment, for each interest period to maturity. Use the effective interest method Solution: Effective interest amortization Cash Payment Interest Revenue Period Amortization O S 766 789 813 837 TS1000S10234 1.000 TL 30.211 31.000 30,187 31.000 30.163 31.000 30.138 6 31.000 30. 112 7 31.000 30. 085 8 31.000 30. 058 9 31.000 30,021 Fond Carrying Value $1,007,789 100702 1,006,234 1.005.421 1.004 584 1.003.722 1.00214 1.001.919 1977 1.000.000 Nh 8 9 9 88 15 42 977 *$30,029 56 rounding error c. Give entries for 20X7 and 20X8 for bertrum limited, including adjusting entries at the year end which is 31 December 1.007.789 1.007789 31000 766 Solution: 2017 entre 1 May Investment in debt securities: Fox Corp. bonds Cash 1 November Cash...... Investment in debt securities: Fox Corp. Bonds Investment revenue Interest 31 December Interest receivable (236 of $31,000). Investment in debt securities: Fox Corp. bonds (26 of 789)....... Investment revenue Interest (26 of $30,211). 2018 entries I May Cash 10.11 10.070 Investment in debt securities: Fox Corp. bonds (4/6 of $789)........................526 Interest receivable............. 10,333 Investment revenue: Interest (4/6 of $30,211)............... ...........20.141 1 November Cash .............. 31,000 Investment in debt securities: Fox Corp. bonds............. ..............813 Investment revenue: Interest...... ...... 30.187 31 December Interest receivable (2/6 of $31,000)........... ..10,333 Investment in debt securities: Fox Corp. bonds (2/6 of $837)... Investment revenue: Interest (2/6 of $30,163)..... .............. 10,054 ..279