At december 31 2012 redmond company has outstanding three, Ask an Expert

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At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,045,900 note payable which matures June 30, 2015. The second is a $6,040,700 bond issue which matures September 30, 2016. The third is a $12,525,000 sinking fund debenture with annual sinking fund payments of $2,505,000 in each of the years 2014 through 2018.

Prepare the required note disclosure for the long-term debt at December 31, 2012.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960748

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