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Exercise 10-12 Assume that the following are Independent s tuatlons recently reported In the Wall Street Journa! 1. General Electric (GE) 7% bonds, maturing January
Exercise 10-12 Assume that the following are Independent s tuatlons recently reported In the Wall Street Journa! 1. General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 111.80. 2. Boeing 7% bonds, maturing Septermber 24, 2032, were issued at 98.90. Were GE and Boeing bonds Issued at a premlum or a discount? The General Electric bonds were issued at a and the Boeing bonds were issued at a LIST OF ACCOUNTS Prepare the ournal entry to record the Issue of each af these two boncs, assuming each company Issued $780,000 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
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