Exercise 14-13 Founder, Inc. had outstanding $5,990,000 of 12% bonds (interest payable July 31 and January 31 due in 10 years. On July 1, t issued $9,140,000 of 11%, 15-year bonds interest payable July 1 and January 1 at 98. A portion of the proceeds was used to call the 12% bonds (with unamortized dscount of $179,700) at 103 on August1 Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. (Round answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation uly 1 Debit Credit (To record issuance of 1 1% bonds) August 1 (To record retirement of 12% bonds) Click if you would like to Show Work for this question Open Show Work