Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following...

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Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 440,000 2 Retire bonds 88,000 352,000 June 30 Issue bonds 264,000 616,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 19,800 2 Retire bonds 7,040 12,760 June 30 Issue bonds 17,700 30,460 Dec. 31 Amortize discount 1,520 28,940 Item Retire bonds. Section of Statement of Cash Flows Added or Deducted Amount Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 440,000 2 Retire bonds 88,000 352,000 June 30 Issue bonds 264,000 616,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 19,800 2 Retire bonds 7,040 12,760 June 30 Issue bonds 17,700 30,460 Dec. 31 Amortize discount 1,520 28,940 Item Retire bonds. Section of Statement of Cash Flows Added or Deducted Amount