all T-Mobile Wi-Fi 5:57 PM 25% Done 3 of 4 ACC 100-Accounting II Hostos Community College Business Department ACC 102-Accounting II Name: Date: 1. On January 1, 20X5, Boat works Corporation establishes a sinking fund for the eventual retirement of some outstanding bonds. A deposit of S350,000 was made in the sinking fund. On February 20X5, various securities costing $260,000 were acquired with the sinking fund cash. On December3, 20X5, the securities had earned $20,000 of interest income. Prepare entries in general journal form for the following dates: a. January 1, 20X5, to record establishment of the sinking fund b. February 1, 20X5, to record the purchase of sinking fund securities c. December 31, 20X5, to record the receipt of interest income from the sinking fund securities. General Journal Account Titke Debitc T-Mobile Wi-Fi . 5:57 PM 25960 Done 3 of 4 2. To prepare the cash flows from the Operating Activities section of the Statement of Cash Flows using the Indirect method. The financial statements of Sesame Corporation shows the following data for the year ended August 31,20xX. $192,000 10,000 Net Income Depreciation expense Increase in accounts receivable 4,000 Decrease in supplies Increase in other current assets 1,450 ncrease in accounts payable 2,500 Decrease in salaries payable 2,000 700 T-Mobile Wi-Fi 5:58 PM 25% Done 3 of 4 3. Princess Corporation issues $2,000,000 of 8%, five-year bonds on January 1, 20X0 Record the issuance of the bonds in general journal form under the following assumptions: a) the bonds are issued at par, b) the bonds are issued at 101, and c) the bonds are issued at 98 General Journal Debit Credit 1