P16-5A +Link Back to Chapter 15 (Effective-Interest Amortization of Discount). On December 31, 20X1, when the market interest rate is 10%, an investor purchases $400,000 of Yuma Inc., 9.5%, ten-year bonds at issuance. The cost of this bond investment was $387.578 and the investor expects to hold the investment to maturity. Required Journalize the purchase on December 31, 20X1, the first semiannual interest receipt on June 30, 20X2, and the year-end interest receipt on December 31, 20X2. The investor uses the effective-interest amortization method. Prepare a schedule for amortizing the discount on the bond investment through December 31. 20X2. Use Exhibit 15-4, as a guide.