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Exercise 10-12 Assume that the following are independent situations recently reported in the Wall Street Journal General Electric (GE) 7% bonds, maturing January 28, 2018,

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Exercise 10-12 Assume that the following are independent situations recently reported in the Wall Street Journal General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 110.40. Boeing 7% bonds, maturing September 24, 2032, were issued at 98.20. 2. Were GE and Boeing bonds issued at a premium or a discount? The General Electric bonds were issued at a and the Boeing bonds were issued at a SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $640,000 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 Click if you would like to Show Work for this questions Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO SIMILAR EXERCISE

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