Asume that the following are independent situations recently reported in the Wall Street Journal. 1 General Electric (GE) 7% bonds, maturing January 28, 2023, were issued at 111.80. 2. Boeing 7% bonds, maturing September 24, 2037, were issued at 98.90. Your answer is correct. Were GE and Boeing bonds issued at a premium or a discount? The General Electric bonds were issued at a premium and the Boeing bonds were issued at a discount ! eTextbook and Media List of Accounts X Your answer is incorrect Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $650,000 of bonds in total. (Credit account titles are automatically indented when amount is entered. Do not indent many > ? Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $850,000 of bonds In total. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Solution Command