On October 1, 2020 Sheffield Corp. issued 6%, 10-year bonds with a face value of $6020000 at 102. 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

$120400 to Premium on Bonds Payable.

$120400 to Discount on Bonds Payable.

$180600 to Interest Payable.

$5899600 to Bonds Payable.