Thank you - and please explain

On June 30,2017 , Pearl Corp. issued 10% bonds with a face value of $720,000 due in 20 years. They were issued at 98 and were callable at 103 at any date after June 30,2025. Because of lower interest rates and a significant change in the company's credit rating, it was decided to call the entire issuance on June 30, 2026, after interest has been paid and to issue new bonds. New 10% bonds with a face value of $960,000 were sold at 101 ; they mature in 20 years. Pearl Corp. uses straight-line amortization. Interest payment dates are December 31 and June 30. (a) Prepare journal entries to record the retirement of the old issuance and the sale of the new issuance on June 30, 2026. (b) Prepare the entry required on December 31, 2026, to record the payment of the first 6 months' interest and the amortization of premium on the bonds. (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 the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit (a) (a) (To record the redemption of the old issue) (To record the sale of the new issue) (b)