Your answer is partially correct. Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $\backslash (\backslash$$ $760,000\backslash )$ 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 Wall Street Journal.

$1.$ General Electric $($GE$)\backslash (7\backslash \%\backslash )$ bonds, maturing January $28,2028,$ were issued at $111\mathrm{.}60.$

$2.$ Boeing $\backslash (7\backslash \%\backslash )$ bonds, maturing September $24,2042,$ were issued at $98\mathrm{.}80.$

$($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

eTextbook and Media $($c$)$

Correct Answer

$-$

Your answer is partially correct.

Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $\backslash (\backslash$$ $760,000\backslash )$ 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.$)$

GENERAL ELECTRIC

BOEING

Stockholders' Equity