Question: P17.1 (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

P17.1 (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 , 2018. 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, 2018, assuming the bonds are classified as held-to-maturity securities. b. Prepare the journal entry(ies) related to the held-to-maturity bonds for 2019. c. Prepare the journal entry(ies) related to the held-to-maturity bonds for 2021. 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 2019. f. Prepare the journal entry(ies) related to the available-for-sale bonds for 2021

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