Brief Exercise 15-06 The balance sheet for Oriole Consulting reportsthe following information on July 1, 2020. Long-term liablilities Bonds payable ess: Discount on bonds payable $2,000,000 120,000 $1,880,000 Oriole decides to redeem these bonds at 105 after paying annual interest re the joumal entry to record the redemption on July 1, 2020. (Credit account titles are automatically Indented when amount is entered, Do not indent manually) Date Account Titles and Explanation uly 1 Debit Credit