ACC 304 All Assignments ACC 304 All Assignments | Page 25

6) Make the entry to record the partial refunding. Assume Latty Co.
makes reversing entries when appropriate. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually.)
6)
7) Prepare the adjusting entry at December 31, assuming straight-
line amortization of the discount. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually.)
ACC 304 Final Exam Part 2 (2 Sets)
1)
The following information pertains to Parsons Co.:
Preferred stock, cumulative:
Par value per share
Dividend rate
Shares outstanding
Dividends in arrears
$100
8%
9,000
none