Sheridan Company issued bonds with a face amount of $1,580,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Payable is $5,200. At that time, Sheridan redeemed the bonds at 102. Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

Sheridan Company issued bonds with a face amount of $1,580,000 in 2015 . As of January 1,2020 , the balance in Discount on Bonds Payable is $5,200. At that time, Sheridan redeemed the bonds at 102 . Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)