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7) 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.)
8) 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.)
Date Account Titles and Explanation
Debit Credit
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ACC 304 Week 1 Chapter 8 Homework
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