Patricia Corporation purchased $620,000 of its bonds on June 30, 2020, at 104 and immediately retired them. The carrying value of the bonds on the retirement date was $547,000. The bonds pay annual interest and the interest payment due on June 30, 2020, has been made and recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation June 30 Bonds Payable Loss on Bond Redemption Discount on Bonds Payable Cash Debit 620,000 Credit 97,800 73,000 644,800