Ask an expert amortization of any discount or premium

Note: When answering the following questions, round each amount to the nearest whole dollar

Amortization Schedule Journal Entries and Financial Statement Presentation for Year $1$

Journal Entries for Year $2$

e$.$ Record the receipt of interest on January $1$ of Year $2.$

f$.$ After the interest receipt on July $1$ of Year $2,$ two of the bonds were sold for $$18,142$ cash.

Record the receipt of interest on July $1$ of Year $2.$

Record the entryy to adjust the two bonds to fair value $($FV$-$OCI$)$

Record the sale, eliminating the associated Fair Value Adjustment account balance in one entry. For simplicity, ignore any fair value adjustments in Year $2$ related to the $24$ remaining bonds