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:

Focus Groups

A qualitative research method that gathers a group of people to discuss a specific topic or product under the guidance of a moderator.

Elicit Reactions

To provoke or draw out responses or actions from people or groups, often through stimuli or questioning.

Dramatistic Analysis

A method of analysis that views life as a drama and seeks to understand narratives through the application of five components: act, scene, agent, agency, and purpose.

Critical Analysis

The systematic examination and evaluation of information or concepts in order to form an opinion or conclusion.