this is 1 questioj please do all parts
The following amortization schedule is for Flint Ltds investment in Spangler Corp's $107.000, five year bonds with a 14% interest rate and a 12% yield, which were purchased on December 31, 2019 for $114,714: Cash Received Interest Income Bond Premium Amortized Dec 31, 2019 Dec 31, 2020 Dec. 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 $14.980 14.980 14.980 14.980 14.980 $13.766 13,620 13.457 13.274 13.069 $1.214 1,360 1.523 1,706 1.911 Amortized Cost of Bonds $114,714 113,500 112,140 110,617 108.911 107.000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year end: Amortized cost Fair value Dec. 31, 2020 $113,500 $112.907 Dec 31, 2021 $112.140 $114 893 Dec. 31, 2022 $110.617 $112.198 Dec. 31. 2023 $108.911 $110,006 Dec 31, 2024 $107.000 $107.000 Assume that Flint Ltd. follows IFRS and reports interest income separately from other investment income. Prepare the journal entry to record the purchase of these bonds on December 31, 2019, assuming the bonds are accounted for using the amortized cost model (Credit account titles are automatically Indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the journal entry related to the bonds accounted for using the amortized cost model for 2020. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the journal entry related to the bonds accounted for using the amortized cost model for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 Prepare the journal entry to record the purchase of these bonds, assuming they are held for trading purposes and accounted for using the FV-NI model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts) Account Titles and Explanation Debit Credit Date Dec. 31 Prepare the journal entrylles) related to the trading bords accounted for using the FV.Ni model for 2021. (Credit account titles are automatically indented when the amount is entered. Do notIndent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record collection of interest) Dec 31 (To record fair value adjustment) 1 Qu Ace Prepare the journal entrylius) related to the bonds accounted for using the FV.Ni model for 2023. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 QU Ace QU AL QL (To record collection of interest) Dec. 31 Q (To record fair value adjustment) no
