Question: please answer and give explanation Current Attempt in Progress Presented below is an amortization schedule related to Bramble Company's 5-year $160,000 bond with a 8%

Current Attempt in Progress Presented below is an amortization schedule related to Bramble Company's 5-year $160,000 bond with a 8% interest rate and a 6% yield, purchased on December 31, 2018 for $173,480. Date Cash Received Interest Revenue Bond Premium Amortization 12/31/18 Carrying Amount of Bonds $173,480 171,089 12/31/19 $12,800 $10.409 $2,391 12/31/20 12,800 10.265 2535 168,554 12/31/21 12,800 10,113 2.687 165,867 12/31/22 12,800 9,952 2,848 163,019 12/31/23 12,800 9.781 3,019 160,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year end. The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. 12/31/19 12/31/20 $171,089 Amortized cost Fair value $168,554 $170,400 12/31/21 12/31/22 12/31/23 $165,867 $163,019 $160,000 $167,500 $164,200 $160,000 $170,500 (a) (b) 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. Prepare the journal entry related to the held-to-maturity bonds for 2019. Prepare the journal entry related to the held-to-maturity bonds for 2021. Prepare the journal entry to record the purchase of these bonds, assuming they are classified as available-for-sale. Prepare the journal entries related to the available for sale bonds for 2019. (c) ) (d) (e) (1) Prepare the journal entries related to the available for sale bonds for 2021
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