prepare the journal entry to record the issue of each of these two bonds amusing each company issued 800,000 of bonds in total

Assume that the following are independent situations recently reported in the Wall Street Journal. 1. General Electric (GE) 7% bonds, maturing January 28, 2026, were issued at 111.12. 2. Boeing 7% bonds, maturing September 24,2040 , were issued at 99.08