A bond sinking fund investment is started on January 5, 2013, by transferring $10000 in cash to the fund. This $10,000 is invested and earns $1, 100 during 2013. The entry to record the earnings node on the sinking fund investment includes a debt to Cash for $1, 100 and a credit to income from Sinking Fund investment for $1, 100. a debit to Cash for $1, 100 and a credit to Bond Sinking Fund Investment for $1, 100. a debit to Bond Sinking Fund investment for $1, 100 and a credit to income from Sinking fund investment for $1, 100. a debt to Cash for $1, 100 and a credit to interest income for $1, 100. Twee Corporation creates a bond sinking fund on July 1, 2013, the first day of its fiscal year in preparation of payment of principal of $300,000 due in six years. Twee makes a $50,000 cash deposit into the account and invests it in an oil stock fund. The Journal entry to record this transaction would be a debt to Cash for $50,000 and credit to Bond Sinking fund investment for $50.000 a debit to Bond Sinking Fund investment for $300,000 and credit to Cash for $300,000 a debit to Bond Sinking Fund investment for $50,000 and credit to Cash for $50,000 None of the above