On October 1,2020 Sheffield Corp. issued 6%,10-year bonds with a face value of $8010000 at 104 . 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 debit of $320400 to Discount on Bonds Payable. credit of $7689600 to Bonds Payable. credit of \$240300 to interest Payable. credit of $320400 to Premium on Bonds Payable