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, 2012, for $108,660.

                    

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

                   

Instructions
  (a) Prepare the journal entry to record the purchase of these bonds on December 31, 2012, assuming the bonds are classified as held-to-maturity securities.
  (b) Prepare the journal entry(ies) related to the held-to-maturity bonds for 2013.
  (c) Prepare the journal entry(ies) related to the held-to-maturity bonds for 2015.
  (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 2013.
  (f) Prepare the journal entry(ies) related to the available-for-sale bonds for 2015.