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Sheffield Company issued $840,000, 8%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Sheffield uses the straight-line method

Sheffield Company issued $840,000, 8%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Sheffield uses the straight-line method of amortization and has a calendar year-end. Prepare all journal entries made in 2020 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2020 Account Titles and Explanation Debit Credit

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