(Long-Term Debt Disclosure) At December 31, 2012, Redmond Company has outstandin
ID: 2372845 • Letter: #
Question
(Long-Term Debt Disclosure)
At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,119,600 note payable which matures June 30, 2015. The second is a $6,183,600 bond issue which matures September 30, 2016. The third is a $12,513,600 sinking fund debenture with annual sinking fund payments of $2,502,720 in each of the years 2014 through 2018.
Prepare the note disclosure for the long-term debt at December 31, 2012. (If answer is zero, please enter 0, do not leave any fields blank.)
December 31, 2012
AE14-20(Long-Term Debt Disclosure)
At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,119,600 note payable which matures June 30, 2015. The second is a $6,183,600 bond issue which matures September 30, 2016. The third is a $12,513,600 sinking fund debenture with annual sinking fund payments of $2,502,720 in each of the years 2014 through 2018.
Prepare the note disclosure for the long-term debt at December 31, 2012. (If answer is zero, please enter 0, do not leave any fields blank.)
Maturities and Sinking FundRequirements on Long-term Debt
December 31, 2012
Year Amount 2013 $ 2014 2015 2016 2017Explanation / Answer
2013 0
2014 2502720
2015 2119600+2502720
2016 6183600+2502720
2017 2502720
2018 2502720
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