Radiant Pools purchased S1 50,000 of 16% KLP bonds on January 1, 2018, at a price of 215.6 when the market rate of interest was 6%. Radiant intends to hold the bonds until their maturity date of January 1, 2038 The bonds pay interest semiannually on each January 1 and July 1, Calculate the amount of premium amortization (using the straight-line amortization methad) on July 1, 2018, and record the related journal entries. What is the total interest revenue for the first six months of 20187 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