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On September 1, 2018, Southwest Airlines borrows $39.1 million, of which $6.2 million is due next year. Show how Southwest Airlines would record the $39.1
On September 1, 2018, Southwest Airlines borrows $39.1 million, of which $6.2 million is due next year. Show how Southwest Airlines would record the $39.1 million debt on its December 31, 2018, balance sheet. (Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)
SOUTHWEST AIRLINES Partial Balance Sheet December 31, 2018 Current portion of long-term debt Notes payable Total liabilitiesStep by Step Solution
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