Presenting Bond Payable on Statement of Cash Flows

a$.$ Provide journal entries to be made on January $1$ and December $31$ of this first year.

Note: If a journal entry isn't required on any of the dates shown, select $"$N$/$A$-$debit" and $"$N$/$A$-$credit" as the account names and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$

b$.$ Indicate the impact of this transaction on the operating, investing, and financing sections of the current year statement of cash flows. The indirect method is used to report cash flows from operating activities.

Note: Indicate a subtraction in the cash flow statement with a negative sign in the Amount column.

Note: If an item is not included in the cash flow statement, enter zero $($leave blank$)$ in the Amount column, and enter $"$N$/$A$"$ in the Cash Flow Section column.

Item

Amortization of discount on bonds payable

Proceeds from bond issuance

Amount

$ $

Cash Flow Section

Financing activities section

Investing activities section

Operating activities section

N$/$A