Question

1. A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment includes a debit to _____and a credit to __________.
A. Cash for $1,100; Income from Sinking Fund Investment for $1,100

B. Cash for $1,100; Bond Sinking Fund Investment for $1,100

C. Bond Sinking Fund Investment for $1,100; Income from Sinking Fund Investment for $1,100

D. Cash for $1,100; Interest Income for $1,100

Answer 1

@AkashdeepDeb @caroleen

Answer 2

sowwy... i can't really help with this one... i don't know how to do it either:(

Answer 3

its ok thank you anyway!

Answer 4

@jdoe0001

Answer 5

I am not really a commerce student if you could explain the terms a little I could help! :/

Answer 6

im pretty confused on what its saying myself /;

Answer 7

@surjithayer

Answer 8

@ankit042