Exercise 10-12 Assume that the following are independent situations recently reported in the Wall Street Journal. 1. General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 111.30. 2. Boeing 7% bonds, maturing September 24, 2032, were issued at 98.65. 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 Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $730,000 of bonds in total. No. Account Titles and Explanation Debit Credit 2