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6 Sandhill Company issued bonds with a face amount of $1,560,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Payable

6 Sandhill Company issued bonds with a face amount of $1,560,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Payable is $5,400. At that time, Sandhill redeemed the bonds at 101. Assuming that no interest is payable, make the entry to record the redemption. (10 points)

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