On July 1, 2019, the company purchased five $1,000 bonds issued by the City of Miamisburg School District. These bonds were purchased for $4573. The contract rate on these bonds is 4% with interest payable on 1/1 and 7/1; these bonds mature 7/1/2024. The bonds were sold to yield 6%. It is the intention of management to hold these bonds until they mature. On December 31, 2019, these bonds had a fair value of 94.

Prepare all journal entries for 2019.