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At December 31, 2020, RB Company has outstanding three long-term debt issues. The first is a...

At December 31, 2020, RB Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30, 2023. The second is a $6,840,000 bond issue which matures September 30, 2024. The third is a $12,580,000 sinking fund debenture with annual sinking fund payments of $2,516,000 in each of the years 2022 through 2026.

Prepare the required note disclosure for the long-term debt at December 31, 2020.

Long-term Debt

2021

 $enter a dollar amount

2022

 $enter a dollar amount

2023

 $enter a dollar amount

2024

 $enter a dollar amount

2025

 $enter a dollar amount
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Note for Disclosure of long term debt at december 31,2020
Year Long term Debt Working
2021 0
2022 $                 2,516,000
2023 $                 4,636,000 ($2516000+2120000)
2024 $                 9,356,000 ($2516000+6840000)
2025 $                 2,516,000
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