On September 1, 2024, Bahamas Airlines borrows $31 million, and records the full amount as Notes...

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On September 1, 2024, Bahamas Airlines borrows $31 million, and records the full amount as Notes Payable (long-term). On December 31, 2024 (balance sheet date), Southwest determines $15 million of the note is due next year, while the remaining $16 million is due in two years. Record the entry to reclassify the current portion of long-term debt. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet < 1 Record the entry to reclassify the current portion of long-term debt. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit On September 1, 2024, Bahamas Airlines borrows $31 million, and records the full amount as Notes Payable (long-term). On December 31, 2024 (balance sheet date), Southwest determines $15 million of the note is due next year, while the remaining $16 million is due in two years. Record the entry to reclassify the current portion of long-term debt. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet < 1 Record the entry to reclassify the current portion of long-term debt. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit