Exercise 14-13 dYour answer is partially correct. Try again Indigo, Inc. had outstanding $6,490,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,840,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 99, A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $194,700) at 103 on August 1 Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. Round answers to O decimal places,e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Date Acceunt Titles and Esplanatis Credit July 1 8,751 on Bonds Payable Bonds Payable 8,840, (To record issuance of 10%band August 1 Payable on Redemption of Bonds 1,103,300 Cash 6,684, Discount on Bonds Payable 908,600 (TO record retirement of 1 1% bonds) INK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: Unlimited SAVE FOR LATER