On June 1, 2020, Cheyenne Corp. issued $ 7,520,000,6% bonds for $7,370.540, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2030. The bonds are callable at 102. (Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 1 Cash 7370540 Discount on Bonds Payable 299860 7520000 Bonds Payable Interest Expense 150400 On August 1, 2020, Cheyenne paid interest on the bonds and recorded amortization. Cheyenne uses straight-line amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Aug 1 Interest Expense Cash Discount on Bonds Payable