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Presented below is an amortization schedule related to Culver Companys 5-year, $150,000 bond with a 7% interest rate and a 4% yield, purchased on December 31, 2018, for $170,034.

Date		Cash Received		Interest Revenue		Bond Premium Amortization		Carrying Amount of Bonds
12/31/18								$170,034
12/31/19		$10,500		$6,801		$3,699		166,335
12/31/20		10,500		6,653		3,847		162,488
12/31/21		10,500		6,500		4,000		158,488
12/31/22		10,500		6,340		4,160		154,328
12/31/23		10,500		6,172		4,328		150,000

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		12/31/21		12/31/22		12/31/23
Amortized cost		$166,335		$162,488		$158,488		$154,328		$150,000
Fair value		$165,800		$164,700		$160,400		$155,400		$150,000

(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.

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