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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

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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 issued at 110.30 . 2. Boeing 7% bonds, maturing September 24,2040 , were issued at 98.15 . Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $700,000 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. 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 110.30 . 2. Boeing 7% bonds, maturing September 24,2040 , were issued at 98.15 . Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $700,000 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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