Matt Perry, Inc. had outstanding $6,130,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,040,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 97. A portion of the proceeds was used to call the 11% bonds at 101 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.