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At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,033,000 note payable which matures June 30, 2015. The second is a $6,017,600 bond issue which matures September 30, 2016. The third is a $12,533,000 sinking fund debenture with annual sinking fund payments of $2,506,600 in each of the years 2014 through 2018.

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

2013- $0

2014- $2,506,600

2015- $______

2016- $______

2017- $2,506,600

What would 2015, and 2016 be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970478

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