View Policies Current Attempt in Progress Crane Company issued $920,000, 8-year bonds. It agreed to make annual deposits of $73,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 8 years. The deposits are made at the end of each year into an account paying 5% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 8 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $

Sandhill Co. issued $1,080,000, 9-year bonds. It agreed to make annual deposits of $86,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 8% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 9 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $

Blossom Company issued $1,340,000, 14-year bonds. It agreed to make annual deposits of $107,000 to a fund (called a sinking fund). which will be used to pay off the principal amount of the bond at the end of 14 years. The deposits are made at the end of each year into an account paying 6% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 14 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $

Cullumber Company issued $1,600,000, 12-year bonds. It agreed to make annual deposits of $82,000 to a fund (called a sinking fund) which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 12 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund $

Sunland Company issued $1,700,000, 15 year bonds. It arred to make annual depesits of $79,000 to a fund (called a sinking fund: Which will be used to pry off the principal amount of the bend at the end of 15 yars. The deposits are made at the send of ach year into an rccount prying 5K annual interest. Clickhers tovisw the factor table. toble provided. Round anawer to 2 decinal place, es. 25.25. Amount in ths sinking fund $

Oriole Company issued $1,000,000, 9-year bonds. It agreed to make annual deposits of $77,500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. What amount will be in the sinking fund at the end of 9 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Amount in the sinking fund $

Crane Company issued $1,140,000, 13-year bonds. It agreed to make annual deposits of $91,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 13 years. The deposits are made at the end of each year into an account paying 7% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 13 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $ Jason and Sarah Garfield invested $8,000 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,300 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the…

City Slicker Corporation pays $55,000 into a bond sinking fund each year for the future redemption of bonds. During the first year, the fund earns $1,475. When the bonds mature, there is a sinking fund balance of $612,000, and $600,000 is needed to redeem the bonds. ​ Required:Prepare the following general journal entries. a. The initial sinking fund deposit. b. The first year's earnings. c. The redemption of the bonds. d. The return of excess cash to the corporation.

Carla Vista Company issued $1,700,000, 13-year bonds. It agreed to make annual deposits of $79,500 to a fund (called a sinking fund). which will be used to pay off the principal amount of the bond at the end of 13 years. The deposits are made at the end of each year into an account paying 8% annual interest. Click here to view the factor table. What amount will be in the sinking fund at the end of 13 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund $

Diana Inc. issued $150,000 of its 9%, 5-year bonds for $144,218 when the market rate was 10%. The bonds pay interest semi-annually. Prepare an amortization table for the first three payments. Round intermediate and final answers to whole dollar amount.   Cash InterestPayment Interest onCarrying Value Amortization ofDiscount Carrying Value