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On May 1, 2019, Ramden Company issues 13% bonds with a tace value of $2 million. The bond contract cals for rotirement of the bonds

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On May 1, 2019, Ramden Company issues 13% bonds with a tace value of $2 million. The bond contract cals for rotirement of the bonds in periodic instaliments of $200,000, starting on May 1, 2020, and continuing on each May 1 thereafter until ali bonds are retired. Aequired: How would the preceding information appear in Aamdent balance sheets an December 31, 2019 and 20807 Labels and Amount Descriptions Labels Current Liabilities Long-Term Liabilities Amount Descriptions Accounts payable Bonds payable Notes payable How would the preceding information appear in Ramden's balance sheets on December 31, 2019 and 2020

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