Using the Following Accounts

question 102

Short Answer

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transactions.
-Paid the bondholders the amount due, face value plus accrued interest, using the sinking fund.
Debit ________ & ________ Credit ________
A)Cash
B)Bond Sinking fund
C)Equipment
D)Building
E)Land
F)Accounts payable
G)Notes payable
H)Bond payable
I)Bond interest payable
J)Premium on bonds payable
K)Discount on bonds payable
L)Common stock
M)Retained earnings
N)Sinking fund earned
O)Bond interest expense
P)Gain on retirement
Q)Loss on retirement

• A)Cash
• B)Bond Sinking fund
• C)Equipment
• D)Building
• E)Land
• F)Accounts payable
• G)Notes payable
• H)Bond payable
• I)Bond interest payable
• J)Premium on bonds payable
• K)Discount on bonds payable
• L)Common stock
• M)Retained earnings
• N)Sinking fund earned
• O)Bond interest expense
• P)Gain on retirement
• Q)Loss on retirement

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Definitions:

Higher Order Conditioning

A form of learning in which a stimulus is first made meaningful or significant through classical conditioning and then used itself as a basis for learning about some new stimulus.

Primary Reinforcers

Innate reinforcing stimuli that satisfy basic biological needs or desires, such as food, water, and sleep, without learning.

Secondary Reinforcers

Stimuli that acquire their reinforcing properties through their association with primary reinforcers, such as money getting its value from the things it can buy.

Schedules of Reinforcement

The specific patterns and timings of rewards or punishments that control the rate and timing of responses in operant conditioning.