Journalize the following transactions: 1. Set up a bond sinking fund with an initial deposit of $7,000.

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Journalize the following transactions:

1. Set up a bond sinking fund with an initial deposit of $7,000.

2. Earned $230 interest on sinking fund balance.

3. Sinking fund of $25,000 was used to pay off bondholders in the amount of $25,000.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Mar 03, 2020 07:15 AM

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Journalize the following transactions: 1. Set up a bond sinking fund with an initial deposit of $7,000.

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College Accounting A Practical Approach

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