TIUMework: Appendix E Graded Homework Tomas Edereria & 12/06/2016 Score: 0.89 of 2 pts 40t6(5 complete HW Score: 714%, 1071 of 15 SE-15 (book/static) Ones Glimmer Pools purchased $50,000 of 7% AKL bonds on January 1, 2018 at a price of 1042 when the market rate of interest was 6Gimmer intenta de bonds until their maturity date of January 1, 2023. The bonds pay interest semiannually on each January 1 and July 1 Calculate the mountil premium (using the straight-line amortization method) on July 1, 2018, and record the related journal entries. What is the total interest revenue for the first sa mentis 2018 Calculate the amount of premium amortization (using the straight-line amortization method) only 1, 2018, and record the related journal areas First, record the entry for the interest receivable at July 1, 2018. (Record debits first , then credits Exclude explanations from any jurnal intes) Journal Entry Date Accounts Credit Debit 1.750 Jul 1 Cash 1.750 Interest Revenue Now record the entry for the amortization of the premium at July 1, 2018. (Round your answer to the nearest whole dolar) Debit Credit Date Journal Entry Accounts 1 Interest Receivable Jul Interest Revenue