Practice Exercise 14-3 On September 30, 2012, Oriole Company issued 12% bonds with a par value of $500,000 due in 20 years. They were issued at 98 and were callable at 106 at any date after September 30, 2017. Because Oriole Company was able to obtain financing at lower rates, it decided to call the entire issue on September 30, 2018, and to issue new bonds. New 8% bonds were sold in the amount of $740,000 at 104; they mature in 20 years. Oriole Company uses straight-line amortization. Interest payment dates are March 31 and September 30 Prepare journal entries to record the redemption of the old issue and the sale of the new issue on September 30, 2018. (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 (To record the redemption of old issue) To record the sale of new issue) SHOW LIST OF ACCOUNTS