Presented below is an amortization schedule related to Sheffield Company's $5-$year, $$140,000$ bond with a $7\%$ interest rate and a $5\%($List all debit entries before credit entries. 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 titles and enter $0$ for the amounts.$)$

No$.$

Account Titles and Explanation

Crec

$($a$)$

$]$

Cash

$($b$)$

Cash

$]$

Interest Revenue

$($c$)$

yield, purchased on December $31,2023,$ for $$152,123.$

The following schedule presents a comparison of the amortized cost and fair value of the bonds at year$-$end.

$($a$)$ Prepare the journal entry to record the purchase of these bonds on December $31,2023,$ assuming the bonds are classified as

held$-$to$-$maturity securities$.$

$($b$)$ Prepare the journal entry related to the held$-$to$-$maturity bonds for $2024.$

$($c$)$ Prepare the journal entry related to the held$-$to$-$maturity bonds for $2026.$

$($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 $2024.$

$($f$)$ Prepare the journal entries related to the available$-$for$-$sale bonds for $2026.$

$($List all debit entries before credit entries. 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 titles and enter $0$ for the amounts.$)$

No$.$

Date

$($a$)$

Debt Investments

Cash

$($b$)$

Cash

Interest Revenue