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Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds maturing January 28, 2023, were issued

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Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds maturing January 28, 2023, were issued at 110.60 Boeing 7% bonds, maturing September 24, 2037. were issued at 98.30, 1 2 Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $730,000 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 174200 1 Bondu Payable 23000 Premium on Bond Payable 44200 2 Cash Discount on Bonds Payable Bond Payable

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