Question: Journalize the following transactions: a. Set up a bond sinking fund with an initial deposit of $6,200. b. Earned $160 interest on sinking fund balance.

Journalize the following transactions:

a. Set up a bond sinking fund with an initial deposit of $6,200.

b. Earned $160 interest on sinking fund balance.

c. Sinking fund of $23,000 was used to pay off bondholders in the amount of $23,000.

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