During 2020, XYZ Enterprises made the following payments on two notes payable. Paid $116...
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Accounting
- During 2020, XYZ Enterprises made the following payments on two notes payable.
Paid $116 on Note Payable #1, which matures in 6 months. Paid $146 on Note Payable #2, which matures in 8 years. Paid $6 interest on Note Payable #1. Paid $21 interest on Note Payable #2.
With respect to these payments, what is the total amount that should be reported as a financing cash flow on the statement of cash flows for the year ending 12/31/20?
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