On July 31^st of the current year Bridges Industries borrowed $50,000 from the First National Bank.On December 31^st 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?

Question

Quizplus · Accepted Answer

The Answer of On July 31^st of the current year Bridges Industries borrowed $50,000 from the First National Bank.On December 31^st 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 31st of the Current Year Bridges Industries Borrowed

On July 31^st of the Current Year Bridges Industries Borrowed