Statement of Cash Flows

Annapolis 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 Annapoliss statement of cash flows.

	DESCRIPTION	DOC. NO.	POST. REF.	DEBIT	CREDIT
	Bonds Payable
	Discount on Bonds Payable
	Cash Flows from Financing Activities:
	Payment to Retire Bonds
	Net Cash Flow from Operating Activities:
	Loss on Retirement of Bonds