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

General Electric $($GE$)7\%$ bonds, maturing January $28,2028,$ were issued at $112\mathrm{.}40.$

Boeing $7\%$ bonds, maturing September $24,2042,$ were issued at $98\mathrm{.}15.$

$($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

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$($c$)$

Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $$840,000$ of bonds in

total.

$($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount

entered for the particular Asset, Liability or Equity item that was reduced.$)$

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