Question: At December 3 1 , 2 0 2 0 , Novak Company has outstanding three long - term debt issues. The first is a $

At December 31,2020, Novak Company has outstanding three long-term debt issues. The first is a $2,290,000 note payable which matures June 30,2023. The second is a $6,410,000 bond issue which matures September 30,2024. The third is a $12,460,000 sinking fund debenture with annual sinking fund payments of $2,492,000 in each of the years 2022 through 2026.
Prepare the required note disclosure for the long-term debt at December 31,2020.
\table[[,Long-term Debt],[2021,$
At December 31,2020, Novak Company has outstanding three long-term debt issues.

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