Principles of Financial Accounting · 免费预览
短期应付票据
短期应付票据是正式出具的书面承诺，承诺偿还所借款项并支付利息；票据按面值入账，利息在票据期限内（包括跨会计期间）计提，直至清偿时一并结清本金和利息。
1. The note as a formal promise
The note as a formal promise
2. Interest accrues with time
Interest accrues with time
3. Payment at maturity
Payment at maturity
4. Notes versus accounts payable
Notes versus accounts payable
5. Issuance entry
A company signs a 10,000 dollar, 90-day, 8 percent note on November 1 and receives the cash. What entry records issuance?
6. Accrual amount at December 31
Using the 10,000 dollar, 8 percent, 90-day note signed November 1, compute the interest accrued by December 31, a 360-day year, rounded to the nearest dollar.
7. Maturity payment entry
At maturity the company pays 10,200 dollars. Which entry correctly settles the note?
8. Note versus account payable
When does a borrowing appear as notes payable rather than accounts payable?
9. Total interest on the note
A 10,000 dollar note at 8 percent runs 90 days on a 360-day year. Compute total interest in dollars, number only.
10. Days accrued
A 90-day note signed November 1 reaches December 31. Compute how many days of interest accrue in the old year. Number only.