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On September 1, 2024, Southwest Airlines borrows $41 million, of which $10 million is due next year. Show how Southwest Airlines would report the $41
On September 1, 2024, Southwest Airlines borrows $41 million, of which $10 million is due next year. Show how Southwest Airlines would report the $41 million debt on its December 31, 2024, 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, 2024 Current liabilities: Current portion of long-term debt Long-term liabilities: Notes payable Total liabilities
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