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Exercise 14-20 At December 31, 2017, Marigold Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30,
Exercise 14-20 At December 31, 2017, Marigold Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30, 2020. The second is a $6,840,000 bond issue which matures September 30, 2021. The third is a $12,580,000 sinking fund debenture with annual sinking fund payments of $2,516,000 in each of the years 2019 through 2023. Prepare the required note disclosure for the long-term debt at December 31, 2017. Long-term Debt 2018 2019 2020 2021 2022
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