Biology Forums - Study Force

On July 31 of the current year, Bridges Industries borrowed $50,000 from the First National Bank. On December 31, the company made its first payment of $1,000, of which $900 was applied to principal and $100 was interest. How will these transactions be reported in the statement of cash flows?

Operating Section

Investing Section

Financing Section

▸

$100 use

$900 use

$50,000 source

▸

$0

$0

$50,000 source and $900 use

▸

$0

$0

$50,000 source and $1,000 use

▸

$100 use

$0

$50,000 source and $900 use

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