11.EX.13-14.ALGO

Reporting Issuance and Retirement of Long-Term Debt

On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of thestatement of cash flows, assuming no gain or loss on retiring the bonds:

11. EX.13-14.ALGO (Algorithmic) Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash ows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT N0. Balance 540,000 Jan. Retire bonds 108,000 432,000 June Issue bonds 324,000 756,000 ACCOUNT Discount on Bond Payable ACCOUNT N0. Balance Jan. Retire bonds June Issue bonds Dec. Amortize discount Item Section of Statement of Cash Flows Added or Deducted Amount Retire bonds v v $ Issue bonds V V $ Amortization of discount 7 v $