n the basis of the details of the following bonds payable and related discount accounts, indicate the items to be rep nancing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds:
n the basis of the details of the following bonds payable and related discount accounts, indicate the items to be rep nancing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:porting issuance and Retirement or Long-Term Debt
in the basis of the details of the following bonds payable and related discount accounts, indicate the items to be repo
nancing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds:
ACCOUNT Bonds Payable
Date
Jan.
June 30
Date
x
Jan.
June
ACCOUNT Discount on Bonds Payable
Dec.
Item
1
F4
2
R
1
2
30
31
F5
de
%
5
Balance
Item
Retire bonds
Issue bonds
Q Search
Balance
Retire bonds
Issue bonds
Amortize discount
T
Item
F6
6
✈
Y
F7
&
7
Debit
118,000
Debit
23,700
U
F8
Credit
Section of Statement of Cash Flows
*
354,000
8
Credit
9,440
LOFING
F9
2,040
09
(
9
F10
Debit
ACCOUNT NO.
Debit
ACCOUNT NO.
26,550
17,110
40,810
38,770
-
)
0
Balance
Balance
F11
Credit
590,000
472,000
826,000
P
Credit
Added or Deducted
F12
PrtSc
(
+ 11
Ins
Transcribed Image Text:porting issuance and Retirement or Long-Term Debt
in the basis of the details of the following bonds payable and related discount accounts, indicate the items to be repo
nancing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds:
ACCOUNT Bonds Payable
Date
Jan.
June 30
Date
x
Jan.
June
ACCOUNT Discount on Bonds Payable
Dec.
Item
1
F4
2
R
1
2
30
31
F5
de
%
5
Balance
Item
Retire bonds
Issue bonds
Q Search
Balance
Retire bonds
Issue bonds
Amortize discount
T
Item
F6
6
✈
Y
F7
&
7
Debit
118,000
Debit
23,700
U
F8
Credit
Section of Statement of Cash Flows
*
354,000
8
Credit
9,440
LOFING
F9
2,040
09
(
9
F10
Debit
ACCOUNT NO.
Debit
ACCOUNT NO.
26,550
17,110
40,810
38,770
-
)
0
Balance
Balance
F11
Credit
590,000
472,000
826,000
P
Credit
Added or Deducted
F12
PrtSc
(
+ 11
Ins
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