E10-12. Assume that the following are independent situations recently reported in the Wall Street Journal. 1General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 111.12. 2Boeing 7% bonds, maturing September 24, 2032, were issued at 99.08. Instructions (a) Were GE and Boeing bonds issued at a premium or a discount? (b) Explain how bonds, both paying the same contractual interest rate, could be issued at different prices. (e) Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued S800,000 of bonds in total. E10-20 Sehr Company issued $500,000, 6%, 30-year bonds on January 1, 2017, at 103. Interest is payable annually on January 1. Sehr uses straight-line amortization for bond premium or discount Instructions Prepare the journal entries to record the following events. (a) The issuance of the bonds. (b) The accrual of interest and the premium amortization on December 31, 2017 (c) The payment of interest on January 1, 201s. (d) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded