Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

(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 Fund
Requirements on Long-term Debt

December 31, 2012

Year Amount 2013 $ 2014 2015 2016 2017

Explanation / Answer

2013 0

2014 2502720

2015 2119600+2502720

2016 6183600+2502720

2017 2502720

2018 2502720