At December 31, 2017, Carla Company has outstanding three long-term debt issues. The first is a $2,050,000 note payable which matures June 30, 2020. The second is a $6,750,000 bond issue which matures September 30, 2021. The third is a $13,670,000 sinking fund debenture with annual sinking fund payments of $2,734,000 in each of the years 2019 through 2023. Prepare the required note disclosure for the long-term debt at December 31, 2017

At  2018 year end,no debt obligation is due to mature,hence disclosure at 31 December,2017 is zero

At 2019 year end,sinking fund payments and note payable are due, hence  the disclosure in that regard at 31st December 2017 is $4,784,000  

At 2020 year end,bonds and sinking fund payments mature,as a result the disclosed amount is $8,482,000  in respect 31st December 2017 .

At 2021 year end,only sinking fund  is due for payment leading to disclosure of $2,734,000 as at 31st December,2017.

The figures are shown down the line.

Explanation:

Long-term debt is a debt that is repayable in more than a year's time.

Note payable is an agreement between companies issuing the notes and the investors investing in the notes that the amount invested in the notes would be repaid to investors as well as the interests thereon.

Sinking Fund is a fund set aside to redeem debt principal at a specified time in future by putting a specific amount in the sinking fund account at intervals,whose interest and principal would be enough to settle loan obligations.

Years  Requirment                      Workings

2018  $0  

2019Sinking fund                                   $2,734,000  

2020Sinking fund and note payable$4,784,000  ($2,050,000 +$2,734,000)

2021Bond and sinking fund     $8,482,000  ($6,750,000 + $2,734,000)

2022Sinking Fund                                       $2,734,000  

c

explanation:

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.