On Jan. $1,2023$ Philo Kvetch purchased $500$ bonds @ $$1,013\mathrm{.}40$ per bond.

The new bond issue was priced such that the bonds have an yield $($annual$)$ of $4\mathrm{.}2\%$

The bond $($annual coupon$)$ rate is $4\mathrm{.}5\%$ over the $5-$year term of the bonds.

The bonds pay interest semi$-$annually.

$1.$ Prepare the entry for the purchase of the bonds

$2.$ Prepare the entry for the first semi$-$annual receipt of interest and amortization using the effective interest method.

$3.$ Prepare the entry for the second semi$-$annual receipt of interest and amortization using the effective interest method

$4.$ Prepare the entry for the first semi$-$annual receipt of interest and amortization using the straight line method

$5.$ Prepare the entry for the second semi$-$annual receipt of interest and amortization using the straight line Method