Using the Following Accounts

question 95

Short Answer

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transactions.
-Recorded the interest earned on the bond 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:

Experimental Research

A type of research that systematically manipulates one variable to determine if changes in one variable cause changes in another variable.

Behavior Cause

The underlying reasons or motivations that drive the actions or reactions of an individual or organism.

Laboratory Observation

A research method involving the detailed study of behavior in a controlled setting, allowing for precise measurement and control of variables.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.