On 1 may 20x3, Amazon Limited purchased $5,000,000 of price Limited 6.3% bonds to be held to maturity. The bonds pay semiannual interest each 1 May and 1 November. The market interest rate was 8% on the date of purchase. The bonds mature on 1 November 20x7. Required Calculate the price paid by Amazon Limited Construct a table that shows interest revenue reported by Amazon, and the carrying value of the investment, for each interest period to maturity. Use the effective interest method. Give entries for 20x3 and 20x4 for Amazon Limited, including adjusting entries at the year end, which is December 31.

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