P$16\mathrm{.}1($LO $1)($Debt Securities$)$ 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 $31,2023,$ for $$108,660.$

Date

$$

Cash Received

$$

Interest Revenue

$$

Bond Premium Amortization

$$

Carrying Amount of Bonds

$12/31/23$

$$

$$

$$

$$

$$

$$

$$

$$108,660$

$12/31/24$

$$

$$7,000$

$$

$$5,433$

$$

$$1,567$

$$

$107,093$

$12/31/25$

$$

$7,000$

$$

$5,354$

$$

$1,646$

$$

$105,447$

$12/31/26$

$$

$7,000$

$$

$5,272$

$$

$1,728$

$$

$103,719$

$12/31/27$

$$

$7,000$

$$

$5,186$

$$

$1,814$

$$

$101,905$

$12/31/28$

$$

$7,000$

$$

$5,095$

$$

$1,905$

$$

$100,000$

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

$$

$$

$12/31/24$

$$

$12/31/25$

$$

$12/31/26$

$$

$12/31/27$

$$

$12/31/28$

Amortized cost

$$

$$107,093$

$$

$$105,447$

$$

$$103,719$

$$

$$101,905$

$$

$$100,000$

Fair value

$$

$106,500$

$$

$107,500$

$$

$105,650$

$$

$103,000$

$$

$100,000$

Instructions

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$.$

Prepare the journal entry $($entries$)$ related to the held$-$to$-$maturity bonds for $2024.$

Prepare the journal entry $($entries$)$ related to the held$-$to$-$maturity bonds for $2026.$

Prepare the journal entry $($entries$)$ to record the purchase of these bonds, assuming they are classified as available$-$for$-$sale.

Prepare the journal entry $($entries$)$ related to the available$-$for$-$sale bonds for $2024.$

Prepare the journal entry $($entries$)$ related to the available$-$for$-$sale bonds for $2026.$