Question: can you answer this question for me please ? Presented below is an amortization schedule related to Novak Company's 5-year, $160,000 bond with a 6%
can you answer this question for me please ?



Presented below is an amortization schedule related to Novak Company's 5-year, $160,000 bond with a 6\% interest rate and a 3\% yield, purchased on December 31,2018 , for $181,983. 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 31,2018 , assuming the bonds are classified as held-to-maturity securities. (b) Prepare the journal entry related to the held-to-maturity bonds for 2019. (c) Prepare the journal entry related to the held-to-maturity bonds for 2021 . (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 2019. (f) Prepare the journal entries related to the available-for-sale bonds for 2021 . (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.) (To record interest revenue.) (To record adjustment.) (To record interest revenue.)
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