All transactions involving Notes Payable and related accounts of Wix Company during 20x4 are as follows:

Determine the amounts of the transactions affecting financing activities and show how they are to appear on the statement of cash flows for 20x4.

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Cash Notes Payable Bank loan 18,000 18,000 Patent 30,000 Notes Payable 30,000 Purchase of patent by issuing note payable Notes Payable 5,000 Interest Expense 500 Cash 5,500 Repayment of note payable at maturity