Assume that the following are independent situations recently reported in the Wall Street Journal. 1. General Electric (GE) 7% bonds, maturing January 28, 2023, were issued at 111.60. 2. Boeing 7% bonds, maturing September 24, 2037, were issued at 98.80. Your answer is correct. Were GE and Boeing bonds issued at a premium or a discount? The General Electric bonds were issued at a premium V and the Boeing bonds were issued at a discount e Textbook and Media List of Accounts Your answer is partially correct. Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $830,000 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 Cash 848160 Bonds Payable Cash 760000 Premium on Bonds Payable 88160 2 Cash 750880 CA Discount on Bonds Payable 9120 Bonds Payable 760000