Matt Perry, Inc. had outstanding $6,274,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,150,000 of 9%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 12% bonds at 103 on August 1. Unamortized bond discount and issue cost applicable to the 12% bonds were $134,000 and $37,200, respectively. 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.)