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A bond sinking fund investment is started on January 5, 2016, by transferring $16,000 in cash to the fund. This $16,000 is invested and earns

A bond sinking fund investment is started on January 5, 2016, by transferring $16,000 in cash to the fund. This $16,000 is invested and earns $2,500 during 2016. The entry to record the earnings made on the sinking fund investment includes

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