Presented below is an amortization schedule related to Teal Company's 5-year, $110,000 bond with a 7% interest rate and a 4% yield, purchased on December 31, 2023, for $124,691. Date Cash Interest Received Revenue Bond Premium Carrying Amount Amortization of Bonds 12/31/23 $124,691 12/31/24 $7,700 $4,988 $2,712 121,979 12/31/25 7,700 4,879 2,821 119,158 12/31/26 7,700 4,766 2,934 116,224 12/31/27 7,700 4,649 3,051 113,173 12/31/28 7,700 4,527 3,173 110,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. 12/31/24 12/31/25 12/31/26 12/31/27 Amortized cost Fair value 121,400 $121,979 $119.158 121,000 12/31/28 $116,224 $113,173 $110,000 118,000 114,300 110,000 (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 O for the amounts.) No. Date (a) Account Titles and Explanation Debit Credit No. Date Account Titles and Explanation Debit Cred (a) (b) (c) (d) (e) (5) 3 > (To record interest revenue.) (To record adjustment.) (To record interest revenue.) (To record adjustment.)