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Assume that the following are independent situations recently reported in the Wull Strref fournal. 1. General Electric (GE) 7 sonds, maturing famary 28,2018 , were
Assume that the following are independent situations recently reported in the Wull Strref fournal. 1. General Electric (GE) 7 sonds, maturing famary 28,2018 , were isweed at 111.40. 2. Boeing 7x bonds, maturing September 24,2032 , were issued at 98.70. Your arswer is correct. Were GE: and Boeing bonds issued at a premium or a dixcount? The Gieneral Electric bonds were issued at a and the flocins bonds were insued at a eTertbook and Media List of Accounts. Prepare the journal entry to record the issue of each of khese two bonds, assuming each company issued $740,000 of bonds in total. (Credit account titles are automatically indented when amount is entered. Do not indent manually)
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