Matt Perry, Inc. had outstanding $6,000,000 of 11% bonds (interest payable July 31 and January 31 ) due in 10 years. On July 1 , it issued $9,000,000 of 10%,15-year bonds (interest payable July 1 and January 1 ) at 98 . A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $120,000 ) at 102 on August 1. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)