On January 1, 2016, for $17.3 million, Cenotaph Company purchased 8% bonds, dated January 1, 2016, with a face amount of $19.3 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 1. Prepare the journal entry to record interest on June 30, 2016, using the effective interest method view transaction list view general journal Journal Entry Worksheet Record the entry to interest on June 30, 2016, using the effective interest method General Journal Credit Date Debit June 30, 2016 *Enter debits before credits done clear entry record entry