b) Prepare the journal entry related to the bonds accounted for using the amortized cost model for 2023.

c) Prepare the journal entry related to the bonds accounted for using the amortized cost model for 2025.

d) Prepare the journal entry to record the purchase of these bonds, assuming they are held for trading purposes and accounted for using the FV-NI model.

e) Prepare the journal entry(ies) related to the bonds accounted for using the FV-NI model for 2024.

Dec. 31

(To record collection of interest)

Dec. 31

(To record fair value adjustment)

f) Prepare the journal entry(ies) related to the bonds accounted for using the FV-NI model for 2026

Dec. 31

(To record collection of interest)

Dec. 31

(To record fair value adjustment)

The following amortization schedule is for Pronghorn Ltd.'s investment in Spangler Corp.'s $105,400, five-year bonds with a 7% interest rate and a 5% yield, which were purchased on December 31,2022 , for $114,527 : The following schedule presents a comparison of the amortized cost and fair value of the bonds at year end: The following schedule presents a comparison of the amortized cost and fair value of the bonds at year end: Assume that Pronghorn follows IFRS and reports interest income separately from other investment income. (a) Prepare the journal entry to record the purchase of these bonds on December 31,2022 , assuming the bonds are accounted for using the amortized cost model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Prepare the journal entry to record the purchase of these bonds on December 31,2022 , assuming the bonds are accounted for using the amortized cost model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)