Gimmer Pools purchased 550,000 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 the 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 Gimmer Pools would need to make on December 31, 2018 related to the investment in Akl. bonds (Record debts first the credits. Exclude explanations from any Journal ones) First record the entry for the interest receivable December 31, 2018 Journal Entry Account Debi Credit Date Doc 31 2 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 3 parts remaining mer Pools would need to make on December 31, 2018 related to the investment in AKL bonds. (Record debits first, then Requirements Bt receivable at Journal Accounts 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