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Kimmel, Financial Accounting, 8e Assignment Gradebook ORION Downloadable eTextbook ment Exercise 10-12 Assume that the...

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Kimmel, Financial Accounting, 8e Assignment Gradebook ORION Downloadable eTextbook ment Exercise 10-12 Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 111.12. Boeing 7% bonds, maturing September 24, 2032, were issued at 99.08. 1. 2. Your answer is correct. Were GE and Boeing bonds issued at a premium or a discount? The General Eledtric bonds were issued at a premiumand the Boeing bonds were issued at a [discount SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Your answer is partially correct. Try again. Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $ amount is entered. Do not indent manually.) 800,000 No. Account Titles and Explanation Debit Credit 7 12168 R

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