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At December 31, 2014, Redmond Company has outstanding three long-term debt issues. The first is a $2,031,900note payable which matures June 30, 2017. The second
At December 31, 2014, Redmond Company has outstanding three long-term debt issues. The first is a $2,031,900note payable which matures June 30, 2017. The second is a $6,008,200bond issue which matures September 30, 2018. The third is a $12,559,000sinking fund debenture with annual sinking fund payments of $2,511,800in each of the years 2016 through 2020.
Prepare the required note disclosure for the long-term debt at December 31, 2014.
Long-term Debt | |
2015 | $ |
2016 | $ |
2017 | $ |
2018 | $ |
2019 | $ |
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