中级财务会计英拟试题.docVIP

中级财务会计英模拟试题（分录部分） 考点一：应付账款与应付票据 Ex. 13-68—Notes payable. On August 31, Fargo Co. partially refunded $270,000 of its outstanding 10% note payable made one year ago to Arma State Bank by paying $270,000 plus $27,000 interest, having obtained the $297,000 by using $78,600 cash and signing a new one-year $240,000 note discounted at 9% by the bank. Instructions (1) Make the entry to record the partial refunding. Assume Fargo Co. makes reversing entries when appropriate. (2) Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount. Solution 13-68 (1) Note