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Radiant Pools purchased $50,000 of 10% BRL bonds on January 1 2018, at a price of 1 17.0 when the market rate of interest was
Radiant Pools purchased $50,000 of 10% BRL bonds on January 1 2018, at a price of 1 17.0 when the market rate of interest was 6%. Radiant 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. Calculate the amount of premium amortization (using the straight-line amortization method) on July 1,2018, and record the related journal entries. What is the total interest revenue for the first six months of 2018? Calculate the amount of premium amortization (using the straight-line amortization method) on July 1, 2018, and record the related journal entries. First, record the entry for the interest receivable at July 1, 2018. Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Jul Now record the entry tor the amontization of the premium at July 1, 2018. (Round your answer to the nearest whole dellar.) Journal Entry Date Accounts Debit Credit Jul What is the total interest revenue for the first six months of 2018? (Round your answer to the nearest whole dollar.) The total interest revenue for the first six months of 2018 is $
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