Then it wants you to record the journal entry for the amortization of bonds premium at December 31, 2018.

Brillant Pools purchased $140,000 of 16% LTP bonds on January 1, 2018, at a price of 151.5 when the market rate of interest was 10%. Brillant 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. Read the requirements. Make the adjusting entries that Brillant Pools would need to make on December 31, 2018, related to the investment in LTP bonds. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the entry for the interest receivable at December 31, 2018 How would the bonds be reported on Brillant Pools' balance sheet as of December 31, 2018? (Abbreviation used: AFSS = available-for-sale security) of $ and The balance sheet reports of $ What amount of interest revenue related to the LTP bonds would be reported on Brillant Pools'income statement for the year ended December 31, 2018? The income statement reports of $ Choose from any list or enter any number in the input fields and then continue to the next