Glimmer Pools purchased $50.000 of 7% AKL bonds on January 1, 2018 at a price of 1042 when the market rate of interest was 6% Glimmer intends to hold the bonds until their maturity dato of January 1, 2023 The bonds pay interest semiannually on each January 1 and July 1 Read the requirements Make the adjusting entries that Glimmer Pools would need to make on December 31, 2018 related to the investment in AKL bonds (Record debits first then credits Exclude explanations from any journal entries First record the entry for the interest receivable at December 31, 2018 Journal Entry Date Accounts Debit Credit Dec 31 Interest Recovnblo 1750 Interest Revenue 1.750 Now record the entry for the amortization of bond premium at December 31, 2018 Round your answer to the nearest whole dollar) Journal Entry Accounts Date Debit Credit Doc 31 Requirements Make the adjusting entries that Glimmer Pools would need to make on December 31, 2018, related to the investment in AKL bonds. How would the bonds be reported on Glimmer Pools' balance sheet as of December 31, 2018? What amount of interest revenue related to the AKL bonds would be reported on Glimmer Pools income statement for the year ended December 31, 2018? Print Done