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Sinking Fund 10. Journalize the following transactions: a. Set up a bond sinking fund with an initial deposit of $7,000. b. Earned $230 interest on

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Sinking Fund 10. Journalize the following transactions: a. Set up a bond sinking fund with an initial deposit of $7,000. b. Earned $230 interest on sinking fund balance. c. Sinking fund of $25,000 was used to pay off bondholders in the amount of $25,000

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