At December 31, 2025, Blossom Company has outstanding three long-term debt issues. The first is a $1,770,000 note payable which matures June 30, 2028. The second is a $5,110,000 bond issue which matures September 30, 2029. The third is a $14,570,000 sinking fund debenture with annual sinking fund payments of $2,914,000 in each of the years 2027 through 2031. Prepare the required note disclosure for the long-term debt at December 31, 2025. (Do not leave any answer field blank. Enter O for amounts)

At December 31, 2025, Blossom Company has outstanding three long-term debt issues. The first is a $1,770,000 note payable which matures June 30, 2028. The second is a $5,110,000 bond issue which matures September 30, 2029. The third is a $14,570,000 sinking fund debenture with annual sinking fund payments of $2,914,000 in each of the years 2027 through 2031. Prepare the required note disclosure for the long-term debt at December 31, 2025. (Do not leave any answer field blank. Enter O for amounts)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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