Top Posters
Since Sunday
26
o
7
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
jdot jdot
wrote...
Go to Answer
Posts: 82
Rep: 0 0
A month ago
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 SectionInvesting SectionFinancing 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
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 6 times
1 Reply
Replies
Answer verified by a subject expert
collegestudent1collegestudent1
wrote...
#1
Posts: 64
Rep: 0 0
A month ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$100 use$0$50,000 source and $900 use
1

Related Topics

jdot Author
wrote...

A month ago
Thanks for your help!!
Goku935
wrote...

Yesterday
Correct Slight Smile TY
linlinlin
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  319 People Browsing
 310 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 112
Your Opinion
What's your favorite coffee beverage?
Votes: 257
Previous poll results: Should Ph.D.'s be addressed as doctors?