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On September 1, 2024, Venetian Airlines borrows $23 million, and records the full amount as Notes Payable (long-term). On December 31, 2024 (balance sheet date),

On September 1, 2024, Venetian Airlines borrows $23 million, and records the full amount as Notes Payable (long-term). On December 31, 2024 (balance sheet date), Southwest determines $14 million of the note is due next year, while the remaining $9 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.)

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