On 1 July 20X8, Sun Company purchased $4,600,000 of Moon Corp. 6.4% bonds, classified as an AC investment. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 30 June 20X3. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Sun Company. (Round time value factor to 5 decimal places. Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Price paid 2. Construct a table that shows interest revenue reported by Sun, and the carrying value of the investment, for each interest period for four interest periods. Use the effective-interest method. (Round your answers to the nearest whole dollar amount.) Period 0 1 2 3 4 Cash Payment 3% Interest Revenue Amortization Bond Carrying Value 3 Prepare the entries for the first two interest periods based on your calculations in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount)

On 1 July 208, Sun Company purchased $4,600,000 of Moon Corp 6.4% bonds, classified as an AC investment. The bonds pay semh-armal interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 30 June 203 (PV of S1. PVA of St, and PVAD a:SI) (Use appropriate foctor(s) from the tables provided.) Required: 1 Calculate the poce paid by Sun Company, (Pound time volue foctor to 5 decimal ploces. Round your intermediate calculetions to. 2 decimal pleces and finel onswer to the nearest whole dolior amount) 2 Cometruct a tabie that shows interest revenue reporfed by Sun, and the cartying value of the investrnent, for each interest period for four interest periods Use the effective interest method. (Round your answers to the nearest whole dollar amount.) On 1 July 208, Sun Company purchased $4,600,000 of Moon Corp 6.4% bonds, classified as an AC investment. The bonds pay semh-armal interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 30 June 203 (PV of S1. PVA of St, and PVAD a:SI) (Use appropriate foctor(s) from the tables provided.) Required: 1 Calculate the poce paid by Sun Company, (Pound time volue foctor to 5 decimal ploces. Round your intermediate calculetions to. 2 decimal pleces and finel onswer to the nearest whole dolior amount) 2 Cometruct a tabie that shows interest revenue reporfed by Sun, and the cartying value of the investrnent, for each interest period for four interest periods Use the effective interest method. (Round your answers to the nearest whole dollar amount.)