Saved TB Problem 14-182 (Algo) On January 1, 2021, for $17.5 million, Cenotaph Company purchased 8% bonds, dated January 1, 2021, with a face amount of $19.5 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. Journal entry worksheet Record the entry to interest on December 31, 2021, using the effective interest method