Presented below is an amortization schedule related to Spangler Company's 5-year, $100,000 bond with a 7% interest rate and a 5% yield, purchased on December 31, 2018, for $108,660.

Date	Cash Received	Interest Revenue	Bond Premium Amortization	Carrying Amount of Bonds
12/31/18				$108,660
12/31/19	$7,000	$5,433	$1,567	107,093
12/31/20	7,000	5,354	1,646	105,447
12/31/21	7,000	5,272	1,728	103,719
12/31/22	7,000	5,186	1,814	101,905
12/31/23	7,000	5,095	1,905	100,000

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

	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23
Amortized cost	$107,093	$105,447	$103,719	$101,905	$100,000
Fair value	106,500	107,500	105,650	103,000	100,000

Instructions

a.

Prepare the journal entry to record the purchase of these bonds on December 31, 2018, assuming the bonds are classified as held-to-maturity securities.

b.

Prepare the journal entry(ies) related to the held-to-maturity bonds for 2019.

c.

Prepare the journal entry(ies) related to the held-to-maturity bonds for 2021.

d.

Prepare the journal entry(ies) to record the purchase of these bonds, assuming they are classified as available-for-sale.

e.

Prepare the journal entry(ies) related to the available-for-sale bonds for 2019.

f.

Prepare the journal entry(ies) related to the available-for-sale bonds for 2021.

Please Prepare in Excel with Formulas. thanks!!!