Homework: Appendix E Graded HomeWUIK 4 of 6 (4 complete) Score: 0 of 2 pts SE-15 (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 the bonds 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 rel 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 4 of 6 (4 complete) Question Help 2018, at a price of 104 2 when the market rate of interest was 6%. Glimmer intends to hold the bonds until their maturity date of January 1, 2023. The bonds pay interest of premium amortization (using the straight-line amortization method) on July 1, 2018, and recor the related journal entries. What is the total interest revenue for the first si ine amortization method) on July 1, 2018, and record the related journal entries. Record debits first, then credits. Exclude explanations from any joumal entries.) Debit Credit 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 Accounts Date Debit Credit Jul 1