Problemat december 31 2012 redmond company has outstanding, Ask an Expert

Accounting

Problem:

At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,036,800 note payable which matures June 30, 2015. The second is a $6,023,300 bond issue which matures September 30, 2016. The third is a $12,526,000 sinking fund debenture with annual sinking fund payments of $2,505,200 in each of the years 2014 through 2018.

Required:

Question 1: Prepare the required note disclosure for the long-term debt at December 31, 2012.

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165428

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