SE-16 (book/static) 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 th 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 crew First, record the entry for the interest receivable at December 31, 2018 Journal Entry Debit Date Accounts Credit Dec 31 Question Help January 1, 2018, at a price of 104.2 when the market rate of interest was 6%. Glimmer intends to hula the bonds until their maturity date of January 1, 2023. The bonds pay interest ed to make on December 31, 2018, related to the investment in AKL bonds. (Record debits first, then credits. Excl.de explanations from any journal entries.) nber 31, 2018 Debit Credit Debit 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