Assume that the following are independent situations recently reported in the Wall Street Journal.

1.		General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 110.40.
2.		Boeing 7% bonds, maturing September 24, 2032, were issued at 98.20.

Were GE and Boeing bonds issued at a premium or a discount? The General Electric bonds were issued at a and the Boeing bonds were issued at a SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $640,000 of bonds in total. amount is entered. Do not indent manually.) Debit No. Account Titles and Explanation Credit