C1-03 Current liability： Notes Payable在线视频

Hello,everyone!
大家好

In the previous lesson,
在上一课中

we have learned accounting treatment for account payable.
我们学习了应付账款

In this class,
在这节课上

we will continue to learn
我们将继续学习

another common current liability:
另一种常见的流动负债

note payable.
应付票据

Note payable is a written promise to pay
应付票据是一种在一定的未来日期

a specified amount on a definite future date.
支付一定金额的书面承诺

In other words,
换言之

a note payable is a loan between two entities.
应付票据是两个实体之间的贷款

Under certain circumstances,
在某些情况下

suppliers require a written promissory note
供应商要求提供书面承诺

to provide credit terms.
以提供信用条款

Loans from banks and other finance companies
银行和其他金融公司的贷款

are also supported by a note payable.
也有应付票据的形式

Note payable
应付票据

can be classified as short-term and long-term,
可分为短期或长期

depending on the payment due date.
取决于付款到期日

So
因此

if the payment due date of a note is within one year
如果一张票据的到期日在一年

or the company's operating cycle,
或公司经营周期内

we could classify it
我们可以将其归类为

as a short-term note payable.
短期应付票据

For most companies
对于大多数公司

the amounts in notes payable
应付票据的金额

are reported on the balance sheet as follows:
在资产负债表中列报如下

First,
首先

the amount due within one year of the balance sheet date
在资产负债表日一年内到期的金额

will be a current liability,
为流动负债

Second,
第二

the amount not due within one year
未在资产负债表日

of the balance sheet date
一年内到期的金额为

will be a non-current or long-term liability.
非流动负债或长期负债

Notes may also be interest bearing
票据也可以是带息票据

and non-interest bearing.
和无息票据

Interest bearing note will be assigned a rate of interest,
带息票据票面上往往标明一定的利率

with both interest and principal amount
票据到期时

of the loan due in full by a certain date.
需要偿还本金和利息

Non-interest bearing notes are notes
无息票据是指票面上

with no stated interest rate on its face.
没有指定利率的票据

As we known,
我们知道

for interest bearing notes,
对于带息票据

the issuer should pay interest as the assigned interest rate
发行人应按指定利率

multiply the face value of the note.
乘以票据面值支付利息

But,
但是

does a non-interest bearing note mean that
无息票据是否意味着

you don't have to pay interest?
你不必付利息

Contrary to the name,
与名字相反

non-interest bearing notes do actually pay interest.
无息票据实际上是支付利息的

The interest is actually implied
利息隐含在

in the face value of the note.
纸币的面值上

For example:
例如

A company issues a 6 month note to a supplier
2020年11月1日A公司向供应商

in exchange for $100,000
发出一张6个月的票据（Note Payable）

in inventory on November 1. 2020.
以换取10万美元的存货

If the note is assigned 6% interest.
如果票据有6%的利息

Company A record the issue
A公司记录

of an interest bearing note at face value:
按面值发行的计息票据

At issuance date,
在发行日

the company A issued a note,
A公司发行了一张票据

so we should record credit note payable $100,000
所以我们应该记录应付10万美元的信用票据

to increase the current liability,
增加当期负债

and increase the inventory accordingly.
并相应增加存货

At the year end,
年底

the company should record the accrued interest.
公司应记录应计利息

So,
所以

you have to pay attention about the period.
你们要注意时间

Because the issuance date is November 1st,
因为发行日期是11月1日

so November to December
所以11月到12月

are two months past away,
已经过去两个月了

that's why we have to calculate
这就是为什么我们要计算

the interest expense for two months.
两个月的利息费用

We will use $100,000
我们用

$100,000 multiply 6% and multiply [2/12] equals $1,000.
$100,000*6%*(2/12)=$1,000

So the journal entry at-year-end is
所以年终的记账分录是

Dr. Interest expense 1,000
Dr. 利息费用 1,000

Cr. Accrued interest payable 1,000
Cr. 应计未付利息 1,000

On the payment date,
在付款日

the company should record the rest interest
公司应记录剩余利息

equals $100,000 × 6% × [4/12] = 2,000,
等于$100,000 × 6% × [4/12] = 2,000

and debit Accrued interest payable 1,000,
借记应计利息1000

debit Note payable 100,000,
应付借方票据10万张

finally clear the debt with
最后以现金支付

103,000 dollars cash payment.
103,000美元清偿债务

When an enterprise issues a non-interest bearing note,
企业发行无息票据时

the interest rate will not be clearly indicated
票据表面

on the surface of the note,
不注明利率

and the face value of the note
以票据面值

is its due repayment amount.
为到期偿还金额

However,
然而

this doesn't mean that there is no need
这并不意味着

to pay interest on the loan.
不需要为贷款支付利息

In fact,
事实上

the interest is implied in the face value of the note.
利息隐含在票据的面值中

In other word,
换句话说

the cash received by the borrower is
借款者收到的现金

the present value of the notes.
就是票据的现值

Now let's look at one example together.
现在让我们一起看一个例子

A company issues a 6 month non-interest bearing note
一家公司于2020年11月1日

to a supplier in exchange for $100,000 in inventory
向供应商发行6个月无息票据

on November 1. 2020.
以换取10万美元的库存

If the market interest rate is 6%.
如果市场利率是6%

Company A
A公司

record the issue of an non-interest bearing note
将无息票据的发行

as its fair value,
记录为其公允价值

not the face value.
而不是票面价值

You must determine the note's present value
你必须在记录交易之前

before recording the transaction.
确定票据的现值

Since the market interest rate is 6%,
由于市场利率是6%

we can calculate the present value
我们可以计算现值

as $100,000 divide (1+6%×6/12) = $97,087.
为$100,000 除以(1+6%×6/12) 等于 $97,087.

So,
这样

the enterprise would recognize an obligation as,
企业就会认定一项义务为

Dr. Inventory 97,087
借方 货物97,087

Note payable 97,087
应付票据 97,087

At-year-end,
在年底

we have to accrual the two months interest
我们必须预提两个月的利息

and increase the note payable account.
并增加应付票据账户

So we use $97,087×6%×[2/12] = $971.
所以我们用 $97,087乘以6%乘以[2/12] 等于 $971.

Then the journal entry is:
那么日志条目是

Dr. Interest expense and Cr. Note payable 971
借方利息费用和贷方应付票据 971

On the payment date,
在付款日

the company should record
公司应记录

the last 4 months implied interest
最近4个月的隐含利息

which is equals 1,942 dollars.
即等于1942美元

At this time,
此时

the amount of note payable is equals
应付票据金额为

97,087 plus 971 and plus 1,942
97087+971+1942

equals 100 thousands dollars.
等于10万美元

If the company use cash to clear the debt,
如果公司用现金清偿债务

we will record as debit note payable 100,000
我们将记为应付10万的借方票据

and credit cash.
和贷方现金

Next,
接下来

let's try to do an exercise together.
让我们试着来做一个练习

Which statement is correct?
哪一个选项是正确的

A,
A

account payables are supported
应付票据必须有

by a written promise to pay
书面的付款承诺

B,
B

account payables with no discount terms
无折扣条款的应付票据

are expected to be paid in full.
应全额支付

C,
C

notes payable are legally enforceable
应付票据具有法律上的强制执行力

and can only be interest bearing.
并且只能产生利息

D,
D

notes payables are recognized
应付票据按面值

at the face value or transaction price.
或交易价格确认

As we learned that account payable
因为我们了解到

do not need a written promise,
应付票据不需要书面承诺

so A is wrong.
所以a是错的

C is wrong because we just learned
C是错的

there is a non-interest bearing note.
因为我们刚刚了解到有一张无息票据

And for non-interest bearing notes,
对于无息票据

we should recognize it using the present value,
我们应该用现值来识别它

so D is not right.
所以D是不对的

Finally,
最后

the correct answer is B.
正确答案是B

OK,
好了

that's all for today!
以上就是今天的全部内容

Goodbye class!
再见

And have a good day.
祝你今天愉快