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Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds, maturing January 28, 2015, were issued

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Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds, maturing January 28, 2015, were issued at 114.65. Boeing 7% bonds, maturing September 24, 2029, were issued at 98.09. Prepare the journal entry to record the Issue of each of these two bonds, assuming each company Issued $800,000 of bonds in total. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.)

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