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At December 31, 2020, Martinez Company has outstanding three long-term debt issues. The first is a $1,780,000 note payable which matures June 30,2023 . The
At December 31, 2020, Martinez Company has outstanding three long-term debt issues. The first is a $1,780,000 note payable which matures June 30,2023 . The second is a $5,210,000 bond issue which matures September 30,2024 . The third is a $13,040,000 sinking fund debenture with annual sinking fund payments of $2,608,000 in each of the years 2022 through 2026 . Prepare the required note disclosure for the long-term debt at December 31, 2020
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