Statement of Cash Flows

Anna Corporation paid $270,000 to retire bonds with a face value of $300,000 and a book value of $290,000. Prepare the spreadsheet entry (in journal entry format) to record the retirement of these bonds for Anna's statement of cash flows. If an amount box does not require an entry, leave it blank.

DOC. NO. POST. REF. CREDIT DESCRIPTION Bonds Payable Cash X DEBIT 300,000 Cash Flows from Financing Activities: Payment to Retire Bonds Net Cash Flow from Operating Activities: Premium on Bonds Payable X