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Please Explain what numbers go where Exercise 8-10 (Part Level Submission) Assume that the following are independent situations recently reported in the Wall Street Journal.

image text in transcribedimage text in transcribedPlease Explain what numbers go where

Exercise 8-10 (Part Level Submission) 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 111.90. Boeing 7% bonds, maturing September 24, 2032, were issued at 98.95. 2. Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $790,000 of bonds in total. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) GENERAL ELECTRIC Assets Liabilities Stockholders' Equity Retained Earnings Revenue Expense Cash = Bonds Pay. + Prem. on Bonds Pay. + Common Stock + Dividend $ $ BOEING Assets Liabilities Stockholders' Equity Retained Earnings Revenue Expense Cash Bonds Pay. + Disc. on Bonds Pay. + Common Stock + Dividend $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work

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