Prepare the required note disclosure


At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,033,500 note payable which matures June 30, 2015. The second is a $6,030,000 bond issue which matures September 30, 2016. The third is a $12,576,000 sinking fund debenture with annual sinking fund payments of $2,515,200 in each of the years 2014 through 2018.Prepare the required note disclosure for the long-term debt at December 31, 2012.

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Accounting Basics: Prepare the required note disclosure
Reference No:- TGS0701685

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