All transactions involving Notes Payable and related accounts engaged in by Krieger Company during \(20 \times 3\) are as follows:

Determine the amounts and how these transactions are to be shown in the cash flow statement for \(20 \times 3\).
LO 6 Preparing the Cash Flow

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Cash Notes Payable Bank loan 18,000 18,000 Patent 30,000 Notes Payable 30,000 Purchase of patent by issuing note payable Notes Payable 5,000 Interest Expense 500 Cash 5,500 Repayment of note payable at maturity