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On September 1, 2021, Southwest Airlines borrows $39.8 million of which $7.6 million is due next year. Show how Southwest Airlines would record the $39.8
On September 1, 2021, Southwest Airlines borrows $39.8 million of which $7.6 million is due next year. Show how Southwest Airlines would record the $39.8 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.) SOUTHWEST AIRLINES Partial Balance Sheet December 31, 2021 Current liabilities Current portion of long-term debt Long-term liabilities Noles payable Total liabilities
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