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2 November, 17:18

On September 1, 2021, Southwest Airlines borrows $41 million, of which $10 million is due next year. Show how Southwest Airlines would record the $41 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.)

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  1. 2 November, 18:01
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    Current portion of long-term debt 1,000,000

    Notes payable (41-10) 3,100,000
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Home » Mathematics » On September 1, 2021, Southwest Airlines borrows $41 million, of which $10 million is due next year. Show how Southwest Airlines would record the $41 million debt on its December 31, 2021, balance sheet. (Enter your answers in dollars, not millions.
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