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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 28,2026 , were
Assume that the following are independent situations recently reported in the Wall Street Journal. 1. General Electric (GE) 7% bonds, maturing January 28,2026 , were issued at 112.30 . 2. Boeing 7% bonds, maturing September 24,2040 , were issued at 99.15 . (a) Your answer is correct. 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 eTextbook and Media List of Accounts Attempts: 1 of 2 usec Using multiple attempts will impact your score. 25% score reduction after attempt 1 (c) Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $900,000 of bonds in total. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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