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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
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 112.20. Boeing 7% bonds, maturing September 24, 2037. were issued at 99.10. 2. Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $890,000 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
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