At December 31, 2014, Bradley Company has outstanding three long-term debt issues. The first is a $6,000,000 note payable which matures June 30, 2017. The second is an $18,000,000 bond issue which matures September 30, 2018. The third is a $52,500,000 sinking fund debenture with annual sinking fund payments of $10,500,000 in each of the years 2015 through 2020.
Instructions
Prepare the note disclosure for the long-term debt at December 31, 2014.