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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Exercise 14-20 At December 31, 2017, Headland Company has outstanding three long-term debt issues. The first is a $1,680,000 note payable
which matures June 30, 2020. The second is a $5,210,000 bond issue which matures September 30, 2021. The third is a
$11,130,000 sinking fund debenture with annual sinking fund payments of $2,226,000 in each of the years 2019 through 2023.
Prepare the required note disclosure for the long-term debt at December 31, 2017. Long-term Debt 2018 $
2019 $
2020 $
2021 $
2022
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