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PLEASE SHOW WORK IF POSSIBLE... THANKS!! Exercise 14-20 At December 31, 2017, Monty Company...

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Accounting

imagePLEASE SHOW WORK IF POSSIBLE... THANKS!!

Exercise 14-20 At December 31, 2017, Monty Company has outstanding three long-term debt issues. The first is a $1,840,000 note payable which matures June 30, 2020. The second is a $6,140,000 bond issue which matures September 30, 2021. The third is a $11,560,000 sinking fund debenture with annual sinking fund payments of $2,312,000 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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