On 1 October 2020, Merci invested in a 1 year bond as part of cash management policy. On that date the bond was accurately recorded as a financial asset under AASB 9 Financial Instruments. After initial recognition, no transaction was recorded subsequently. The bond details are as follows:

Purchase Price	$181,000 (Face value$180,000)
Classification	Fair Value through other comprehensive income( FVTOCI)
Credit impaired?	No
Interest	Paid Quarterly 1st payment received 31 December 2020 5% coupon interest rate per annum Effective interest rate 4.43% per annum
Fair Value	As at 31 December 2020 $177,000
Expected credit losses	12-month expected credit losses were determined to be $1,000 There has been no significant increase in credit risk in the bond as at 31 December 2020;

Required

1. Prepare the three journal entries for the subsequent transactions for the year ended 31.12.20 (Narrations are required). (Rounded to the nearest whole $) ( 10 marks)