Question 11 4.75 pts On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note. What entry should Knight's Stop record on 7/1? (Select ALL that apply) Credit Accounts Payable for $35,000 Credit Short-term Notes Payable for $35,000 Debit Accounts Payable for $35,000 Debit Short-term Notes Payable for $35,000 Credit Long-term Notes Payable for $35,000 Credit Cash for $35,000 Debit Long-term Notes Payable for $35,000 Debit Cash for $35,000 Question 13 4.75 pts Under what section of the Statement of Cash Flows would you report the purchase of an long-term intangible asset such as a patent for cash? Notes: Noncash activity Financing O Operating Leases O Bonds Investing > Question 18 4.75 pts When preparing the operating section of the cash flow statement using the indirect method, which of the following financial statements or sections in the financial statement are used? Long-term liabilities and stockholders' equity from the balance sheet. O Income statement plus long-term assets from the balance sheet. Long-term assets from the balance sheet. Income statement plus current assets and current liabilities from the balance sheet. Question 19 4.75 pts A $1,000,000 bond is issued on 7/1. The transaction is recorded on 7/1 by the UCF Bicycle Vending Machine Company as: (Select ALL that apply) Credit to Current Portion Long-term Debt Credit to Accounts Receivable Credit to Cash Debit to Cash Dabit to Banda Ravable Debit to Cash Debit to Bonds Payable Credit to Bonds Payable Debit to Accounts Receivable Debit to Current Portion Long-term Debt Question 20 4.75 pts Under what section of the Statement of Cash Flows would you report cash dividend payments on common stock? O Leases O Financing O Non-Cash Event Operating O Investing Bonds