Question
At December 31, 2020, Coronado Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30, 2023. The
At December 31, 2020, Coronado Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30, 2023. The second is a $6,840,000 bond issue which matures September 30, 2024. The third is a $12,580,000 sinking fund debenture with annual sinking fund payments of $2,516,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.
| 2021 | |
| 2022 | |
| 2023 | |
| 2024 | |
| 2025 |
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Auditing Information Systems
Authors: Jack J. Champlain
2nd Edition
0471281174, 978-0471281177
