View Policies Current Attempt in Progress Presented below is an amortization schedule related to Concord Company's 5-year, $170,000 bond with a 8% interest rate and a 5% yield, purchased on December 31, 2018, for $192,081. Date Cash Received Interest Revenue Bond Premium Amortization Carrying Amount of Bonds 12/31/18 $192,081 12/31/19 $13,600 $9,604 $3,996 188,085 12/31/20 13,600 9,404 4,196 183,889 12/31/21 13,600 9,194 4,406 179,483 12/31/22 13,600 8,974 4,626 174,857 12/31/23 13,600 8,743 4,857 170,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. Amortized cost Fair value 12/31/19 $188,085 12/31/20 12/31/21 12/31/22 12/31/23 $183,889 $179,483 $174,857 $170,000 $187,500 $185,800 $181,300 $176,000 $170,000 (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 O for the amounts.) No. Date (a) (b) Account Titles and Explanation Debit Credit Question 5 of 22 (c) (d) (e) I (f) (To record interest revenue.). (To record adjustment.) (f) (To record adjustment.) (To record interest revenue.) (To record adjustment.)