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On September 1,2024, Venetian Airlines borrows $46 million, and records the full amount as Notes Payable (long-term). On December 31,2024 (balence sheet date), Southwest determines

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On September 1,2024, Venetian Airlines borrows $46 million, and records the full amount as Notes Payable (long-term). On December 31,2024 (balence sheet date), Southwest determines $15 million of the note is due next year, while the remaining $31 miltion 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.) Journal entry worksheet Record the entry to reclassify the current portion of long-term debt. Note: Enter debits before credits

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