On October 1, 2020 Sheffield Corp. issued 4%, 10-year bonds with a face value of $6000000 at 105. 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

$300000 to Discount on Bonds Payable.

$120000 to Interest Payable.

$5700000 to Bonds Payable.

$300000 to Premium on Bonds Payable.