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urgent Tamarisk Inc. had outstanding $11,000,000 of 8,25% bonds (interest payable March 31 and September 30 ) due in 12 years, Tamarisk was able to

urgent
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Tamarisk Inc. had outstanding $11,000,000 of 8,25% bonds (interest payable March 31 and September 30 ) due in 12 years, Tamarisk was able to reduce its risk rating through investing in more real estate. As a result, on September 1 , it issued $6,000,000 of 10 -year, 6% bonds (interest payable July 1 and January 1) at 96 . The proceeds plus additional cash was used to call the 8.25% bonds at 105 on October 1 . The unamortized bond discount for the 8.25% bonds was $1.227.000 on October 1 . Tamarisk prepores financial statements in accordance with IFRS. Prepare the necessary journal entries to record the issue of the new bonds and the retirement of the old bonds. (Credit account titles are outomatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the aceount tiiles and enter O for the amounts. List all debit entries before credit entries)

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