On August 31, Able Co. partially refunded $180,000 of its outstanding 10% note payable made one year ago to Best Fededral Bank by paying $180,000 plus $18,000 interest, having obtained the $198,000 by using $52, 400 cash and signing a new one-year $160,000 note discounted at 9% by the bank. Instructions Make the entry to record the partial refunding. Assume Able Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount