Glimmer Pools purchased $50,000 of 7% AKL bonds on January 1, 2018, at a price of 104.2 when the market rate of interest was 6% Glimmer intends to hold the bonds until their maturity date of January 1, 2023. The bonds pay Interest semiannually on each January 1 and July 1 Read the fuquirement 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 1 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? First, record the entry for the interest receivable at December 31, 2018. Journal Entry Accounts Date Debit Dec 31 Accumulated Amortization Amortization Expense Cash Held-to-Maturity Investment in Bonds Interest Receivable Interest Revenue