On October 1, 2020 Concord Corporation issued 4%, 10-year bonds with a face value of $5940000 at 103. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a credit of

$118800 to Interest Payable.

$178200 to Premium on Bonds Payable.

$178200 to Discount on Bonds Payable.

$5761800 to Bonds Payable.