Matt Perry, Inc. had outstanding dollar 6,000, 000 of 11 percentage bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued dollar 9,000, 000 of 10 percentage, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11 percentage bonds at 102 on August 1. Unamortized bond discount and issue cost applicable to the 11 percentage bonds were dollar 120, 000 and dollar 30, 000, respectively. 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.)