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Could you please help correct the red cases? Thank you Problem 17-1 Your answer is partially correct. Try again. Presented below is an amortization schedule

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Problem 17-1 Your answer is partially correct. Try again. Presented below is an amortization schedule related to Riverbed Company's 5-year, $160,000 bond with a 8% nterest rate and a 6% yield purchased on December 31, 2015, for S 173,480. Bond Premium Carrying Amount of Bonds Cash Interest Date Received Revenue Amortization 12/31/15 12/31/16 $12,800 $10,409 12/31/17 12,800 10,265 12/31/18 12,800 10,113 12/31/19 12,800 9,952 12/31/20 12,800 9,781 $2,391 2,535 2,687 2,848 3,019 $173,480 171,089 168,554 165,867 163,019 160,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Amortized cost $171,089 $168,554 $165,867$163,019 $160,000 $170,500 $170,400 $167,500 $164,200 $160,000 Fair value (a) Prepare the journal entry to record the purchase of these bonds on December 31, 2015, assuming the bonds are classified as held-to-maturity securities. (b) Prepare the journal entry related to the held-to-maturity bonds for 2016. (c) Prepare the journal entry related to the held-to-matunity bonds for 2018 (d) Prepare the journal entry to record the purchase of these bonds, assuming they are classified as available-for-sale. (e) Prepare the journal entries related to the available-for-sale bonds for 2016 (1) Prepare the journal entries related to the available-for-sale bonds for 2018 (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account sand enter 0 for the amounts.)

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