At December 31, 2007, Zeta-James Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2010. The second is a $6,000,000 bond issue which matures September 30, 2011. The third is a $17,500,000 sinking fund debenture with annual sinking fund payments of $3,500,000 in each of the years 2009 through 2013.

Instructions

Prepare the note disclosure required for the long-term debt at December 31, 2007.