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

1.		General Electric (GE) 7% bonds, maturing January 28, 2015, were issued at 114.86.
2.		Boeing 7% bonds, maturing September 24, 2029, were issued at 98.01.

(c)	Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $700,000 of bonds in total. explain please with a solution :)