At December 31, 2020, Marigold Company has outstanding three long-term debt issues. The first is a $2,210,000 note payable which matures June 30, 2023. The second is a $5,360,000 bond issue which matures September 30, 2024. The third is a $12,640,000 sinking fund debenture with annual sinking fund payments of $2,528,000 in each of the years 2022 through 2026.Prepare the required note disclosure for the long-term debt at December 31, 2020. Long Term Debt 2021 2022 2023 2024 2025
At December 31, 2020, Marigold Company has outstanding three long-term debt issues. The first is a $2,210,000 note payable which matures June 30, 2023. The second is a $5,360,000 bond issue which matures September 30, 2024. The third is a $12,640,000 sinking fund debenture with annual sinking fund payments of $2,528,000 in each of the years 2022 through 2026.Prepare the required note disclosure for the long-term debt at December 31, 2020. Long Term Debt 2021 2022 2023 2024 2025
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 3MC: On July 1, 2019, Aldrich Company purchased as an available-for-sale security 200,000 face value, 9%...
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At December 31, 2020, Marigold Company has outstanding three long-term debt issues. The first is a $2,210,000 note payable which matures June 30, 2023. The second is a $5,360,000 bond issue which matures September 30, 2024. The third is a $12,640,000 sinking fund debenture with annual sinking fund payments of $2,528,000 in each of the years 2022 through 2026.
Prepare the required note disclosure for the long-term debt at December 31, 2020.
Long Term Debt
2021
2022
2023
2024
2025
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