On June 30, 2013, Pina Colada Limited issued 14% bonds with a par value of $782,000 due in 20 years. They were issued at 99 and were callable at 106 at any date after June 30, 2020. Because of lower interest rates and a significant change in the company's credit rating, it was decided to call the entire issue on June 30, 2020, and to issue new bonds. New 10% bonds were sold in the amount of $1 million at 104; they mature in 20 years. The company follows ASPE and uses straight-line amortization. The interest payment dates are December 31 and June 30 of each year. Prepare journal entries to record the retirement of the old issue and the sale of the new issue on June 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date June 30, 2020 Account Titles and Explanation June 30, 2020 (To record redemption of bonds payable) (To record issuance of new bonds) Debit Credit