Question and answer
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 (Points : 5) a) a debit to Cash for $1,100 and a credit to Income from Sinking Fund Investment for $1,100. b) a debit to Cash for $1,100 and a credit to Bond Sinking Fund Investment for $1,100. c) a debit to Bond Sinking Fund Investment for $1,100 and a credit to Income from Sinking Fund Investment for $1,100. d) a debit to Cash for $1,100 and a credit to Interest Income for $1,100.
The entry to record the earnings made on the sinking fund investment includes a) a debit to Cash for $1,100 and a credit to Income from Sinking Fund Investment for $1,100.
Expert answered|OxTornado007|Points 5428|
Question
Asked 9/17/2012 12:47:53 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Using the Internet, locate a Web site that has an additional example that interests you. Use the search words "rational expressions applications".
Weegy: A website for the search words "rational expressions applications" is (More)
Question
Expert Answered
Asked 9/11/2012 1:48:46 PM
0 Answers/Comments
If a bond is a registered bond, it can NOT be a ___________ bond. (Points : 5) a) discount b)callable c)convertible d) coupon
Weegy: c)convertible (More)
Question
Expert Answered
Asked 9/17/2012 12:15:23 PM
0 Answers/Comments
A corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3,000. The entry to record the early retirement of the bonds will include the recognition of a loss of (Points : 5) $7,000. $4,000. $1,000. $3,000.
Weegy: the answer is $1,000 User: If a bond is a registered bond, it can NOT be a ___________ bond. (Points : 5) discount callable convertible coupon (More)
Question
Expert Answered
Asked 9/17/2012 12:10:16 PM
0 Answers/Comments
If a bond is a registered bond, it can NOT be a ___________ bond. (Points : 5) a) discount b) callable c)convertible d)coupona
Weegy: c)convertible (More)
Question
Expert Answered
Asked 9/17/2012 12:19:47 PM
0 Answers/Comments
3. When bonds mature, a corporation will pay the bondholders (Points : 5) a) the current market value of the bonds. b) the face amount plus the original premium or minus the original discount. c) the face amount plus the interest accrued since the date the bonds were issued. d) the face amount of the bonds.
Weegy: When bonds mature, a corporation will pay the bondholders b) the face amount plus the original premium or minus the original discount. (More)
Question
Expert Answered
Updated 9/17/2012 12:50:57 PM
1 Answer/Comment
When bonds mature, a corporation will pay the bondholders the face amount of the bonds.
Added 9/17/2012 12:51:02 PM
17,191,188 questions answered
Popular Conversations
Consider this quote: "In each of these historical instances . . . ...
Weegy: D. it stands for the omission of only a single word. User: Which of the following statements correctly ...
9/1/2014 8:30:28 AM| 2 Answers
The invasion of this region temporarily halted the fighting between ...
Weegy: The invasion of A.Korea halted the the fighting between the KMT and CPC. User: The letters DMZ stand for ...
9/1/2014 3:12:20 PM| 2 Answers
what is a complex sentence
Weegy: User: what is a simple sentence Weegy: User: what is a compound sentence Weegy: A compound sentence ...
9/1/2014 5:04:39 PM| 2 Answers
Every set of three points is coplanar.
9/1/2014 7:59:14 PM| 2 Answers
Chelsea Reynolds
9/1/2014 12:21:17 AM| 1 Answers
1. What is team structure?
9/1/2014 12:29:27 AM| 1 Answers
Weegy Stuff
S
L
1
L
Points 136 [Total 6669]| Ratings 0| Comments 136| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 126 [Total 16065]| Ratings 0| Comments 126| Invitations 0|Offline
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 96 [Total 24496]| Ratings 0| Comments 96| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 66 [Total 9846]| Ratings 0| Comments 66| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 54 [Total 17226]| Ratings 0| Comments 54| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 48 [Total 18579]| Ratings 0| Comments 48| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 23 [Total 11269]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 20 [Total 20]| Ratings 0| Comments 0| Invitations 2|Offline
S
Points 18 [Total 688]| Ratings 0| Comments 18| Invitations 0|Offline
S
P
C
L
P
L
1
Points 15 [Total 6072]| Ratings 1| Comments 5| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.