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 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 Accounts Choose from any w or enter any number in the inp Check Answer 3 remaining Type here to search O RI 5 e 9 Till's | 2 | 3 | 4 | *5 16 17 8 9 0 1 I alwER utilo ell 0,000 of 7% AKL bonds on January 1, 2018, at a price of 104.2 when the market rate of interest was nuary 1, 2023. The bonds pay interest semiannually on each January 1 and July 1. Requirements mat Glimm any journa e interest 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 enter any number in the input fields and then click Check Answer. Clear All