At December 31, 2025, Marin Company has outstanding three long-term debt issues. The first is a $1,960,000 note payable which matures June 30, 2028. The second is a $6,760,000 bond issue which matures September 30, 2029. The third is a $13,530,000 sinking fund debenture with annual sinking fund payments of $2,706,000 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.) 2026 2027 $ $ 2028 $ 2029 $ 2030 $ Long-term Debt
At December 31, 2025, Marin Company has outstanding three long-term debt issues. The first is a $1,960,000 note payable which matures June 30, 2028. The second is a $6,760,000 bond issue which matures September 30, 2029. The third is a $13,530,000 sinking fund debenture with annual sinking fund payments of $2,706,000 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.) 2026 2027 $ $ 2028 $ 2029 $ 2030 $ Long-term Debt
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![At December 31, 2025, Marin Company has outstanding three long-term debt issues. The first is a $1,960,000 note payable which
matures June 30, 2028. The second is a $6,760,000 bond issue which matures September 30, 2029. The third is a $13,530,000 sinking
fund debenture with annual sinking fund payments of $2,706,000 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.)
2026 $
2027 $
2028 $
2029 $
2030 $
Long-term Debt](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5dc6a97-1e0a-4512-a44e-7ef11113c2af%2F7f76ccc3-1dfa-4f71-886a-821f43bc9b5b%2Fu6kpq4d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At December 31, 2025, Marin Company has outstanding three long-term debt issues. The first is a $1,960,000 note payable which
matures June 30, 2028. The second is a $6,760,000 bond issue which matures September 30, 2029. The third is a $13,530,000 sinking
fund debenture with annual sinking fund payments of $2,706,000 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.)
2026 $
2027 $
2028 $
2029 $
2030 $
Long-term Debt
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