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At December 31, 2017, Larkspur Company has outstanding three long-term debt issues. The first is a $2, 210,000 note payable which matures June 30, 2020.
At December 31, 2017, Larkspur Company has outstanding three long-term debt issues. The first is a $2, 210,000 note payable which matures June 30, 2020. The second is a $5, 360,000 bond issue which matures September 30, 2021. The third is a $12, 640,000 sinking fund debenture with annual sinking fund payments of $2, 528,000 in each of the years 2019 through 2023. Prepare the required note disclosure for the long-term debt at December 31, 2017
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