"Proceeds from the sale of bonds represent 11 O a. the amount of the debit to Cash in the journal entry recording the sale. b. the face amount of the bond times the quoted sale percentage. O c. the amount compared to the book (cost) value of the bonds to determine the gain or loss on the sale. O d. All of these choices are correct. 12 13 The cumulative effect of other comprehensive income is reported on the balance sheet as O a. retained earnings. O b. cumulative paid-in capital. O c. accumulated other comprehensive income. Od. All of these choices are correct