Link, Inc., has outstanding $650,000 of 10-year sinking fund bonds. At the end of the ninth year after it had issued the bonds, the balance of Link’s Sinking Fund Investments account is $598,600. List the entries to record the following:

a. The sale of the investments for $611,000

b. The final deposit in the sinking fund, bringing the balance of the account up to $650,000

c. The payment of the bonds P.O. 3 journalize sale of investments, sink¬

ing fund deposit, and payment of bonds.