Question: The red are incorrect, please give me the correct answer, thanks. Assume that the following are independent situations recently reported in the Wall Street Journal.

The red are incorrect, please give me the correct answer, thanks.

Assume that the following are independent situations recently reported in the Wall Street Journal. General Electric (GE) 7% bonds, maturing January 28, 2015, were issued at 114.42. Boeing 7% bonds, maturing September 24, 2029, were issued at 99.25. Prepare the journal entry to record the issue of each of these two bonds, assuming each company issued $700, 000 of bonds in total. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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