On June 30, 2013, Riverbed Limited issued 11.75% bonds with a par value of $761,000 due in 20 years. They were issued at 98 and were callable at 104 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 102, 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 for the amounts.) Date Account Titles and Explanation Debit Credit June 30, 2020 Bonds Payable 761000 Loss on Retirement of Bonds Cash (To record redemption of bonds payable) June 30 2020 Cash 1020000 = Because or lower interest rates and a signimcant change in the company screat 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 102, 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. Que Accou Que Accou Prepare journal entries to record the retirement of the old issue and the sale of the few 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 for the amounts.) Vie Accor Date Account Titles and Explanation Debit Credit Que Accor June 30, 2020 Bonds Payable 761000 Que Acco Loss on Retirement of Bonds Cosh Que Acco (To record redemption of bonds payable) Qui Acco June 30, 2020 Cash 1020000 Qu ACE Bonds Payable 1020000 (To record issuance of new bonds) Qu Act Prepare the entry required on December 31, 2020, to record the payment of the first six months of interest and the amortization of the bond premium. (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.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020 Interest Expense Bonds Payable Cash