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

General Electric $($GE$)7\%$ bonds, maturing January $28,2023,$ were issued at $111\mathrm{.}12.$

Boeing $7\%$ bonds, maturing September $24,2037,$ were issueabt $99\mathrm{.}08.$

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

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List of Accounts

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$).$

No$.$ Account Titles and Explanation

Debit

Credit

$1$

$2$