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
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [7/31/2014 12:33:05 PM]
23,885,950 questions answered
Popular Conversations
Small family owned businesses usually require applicants to submit ...
Weegy: TRUE. Small family owned businesses usually require applicants to submit electronic resumes.
2/8/2016 8:47:01 AM| 4 Answers
Which action associated with the United States' "return to normalcy" ...
Weegy: Washington Disarmament Conference was on 1921 and established a treaty between the United States, France, ...
2/8/2016 9:35:32 AM| 2 Answers
The King James Bible was written by A. King James. B. a ...
Weegy: The King James Bible was written by A. King James.
2/8/2016 12:55:50 PM| 2 Answers
Weegy Stuff
S
Points 287 [Total 684] Ratings 0 Comments 287 Invitations 0 Offline
S
P
P
Points 178 [Total 985] Ratings 0 Comments 178 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 117 [Total 11290] Ratings 0 Comments 117 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
R
Points 9 [Total 445] Ratings 0 Comments 9 Invitations 0 Offline
S
Points 7 [Total 291] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)