On June 30, 2020, County Company issued $800,000, 12% bonds, due in 10 years. The market interest rate was 10% and the bonds were callable at 104 at any date after June 30, 2020. Interest was paid semiannually on December 31 and June 30. 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, 2021, and to issue new bonds. New 10% bonds were sold in the amount of $1,000,000 at 102; they mature in 20 years. County Company uses effective-interest method for amortization. Interest payment dates are December 31 and June 30. Prepare journal entries to record the redemption of the old issue on June 30, 2021.