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On September 1, 2021, Southwest Airlines borrows $39.3 million, of which $6.6 million is due next year. Show how Southwest Airlines would record the
On September 1, 2021, Southwest Airlines borrows $39.3 million, of which $6.6 million is due next year. Show how Southwest Airlines would record the $39.3 million debt on its December 31, 2021, balance sheet. (Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) Current liabilities: SOUTHWEST AIRLINES Partial Balance Sheet December 31, 2021 Current portion of long-term debt Long-term liabilities: Notes payable Total liabilities
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