BLANK OPTIONS FOR SECTION OF CASH FLOWS ;Financing activities section, investing activities section, operating activities section( if indirect method is used), separate schedule,

BLANK OPTION FOR SECTION ADDED OR DEDUCTED: Added, deductions, reported only

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 "Cash flows from financing activities" section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. . Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 750,000 2 Retire bonds 150,000 600,000 June 30 Issue bonds 450,000 1,050,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 33,750 2 Retire bonds 12,000 21,750 June 30 Issue bonds 30,000 51,750 Dec. 31 Amortize discount 2,625 49,125 Items Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Issue bonds Amortization of discount $