Ask Question
2 September, 16:51

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.)

+1
Answers (1)
  1. 2 September, 16:58
    0
    Current portion of long-term debt 1,000,000

    Notes payable (41-10) 3,100,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On September 1, 2021, Southwest Airlines borrows $41 million, of which $10 million is due next year. Show how Southwest Airlines would ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers