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A bond sinking fund investment is started on January 5, 2016, by transferring $18,500 in...

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Accounting

A bond sinking fund investment is started on January 5, 2016, by transferring $18,500 in cash to the fund. The company intends to accumulate $18,500 each year in the fund. This $18,500 is invested and earns $2,800 during 2016. On January 5, 2017, the amount of cash transferred to the sinking fund investment will be

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