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Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $610,000 of bonds in total. (If a transaction
Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $610,000 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.) Assume that the following are independent situations recently reported in the Woil Street Joumol. 1. General Electric (GE) 7% bonds, maturing January 28,2028 , were issued at 110.10 . 2. Boeing 7% bonds, maturing September 24,2042 , were issued at 98.05 . (a) Your answer is correct. 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
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