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?

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The Answer of 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?

On July 31 of the Current Year, Bridges Industries Borrowed