The situation is as follows:

I am told that $F_{net} = mg - T$ in this case, but doesn't that not take into account that $T$ isn't applied to the center of mass? Newton's second law is defined for discrete particles, but this is a continuous body... If a force is applied to the center of mass of the body, it can be treated as a particle. But $T$ isn't applied to the center of mass - does this change anything? If it does, how would you find the translational acceleration in this case (given $r$, $m$, and $T$)?
