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At December 31, 2020, Ayayai Company has outstanding three long-term debt issues. The first is a $ 2,360,000 note payable which matures June 30, 2023.
At December 31, 2020, Ayayai Company has outstanding three long-term debt issues. The first is a $ 2,360,000 note payable which matures June 30, 2023. The second is a $ 5,620,000 bond issue which matures September 30, 2024. The third is a $ 14,460,000 sinking fund debenture with annual sinking fund payments of $ 2,892,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.
Long-term Debt | ||
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2021 | $ enter a dollar amount | |
2022 | $ enter a dollar amount | |
2023 | $ enter a dollar amount | |
2024 | $ enter a dollar amount | |
2025 | $ enter a dollar amount |
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