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Brief Exercise 8-10(Algo) Report current portion of long-term debt (LO8-4) On September 1,2024,...

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Accounting

Brief Exercise 8-10(Algo) Report current portion of long-term debt (LO8-4)
On September 1,2024, Venetian Airlines borrows $40.2 million, of which $8.4 million is due next year. Show how Ventian Airlines would report the $40.2 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.)
\table[[VENETIAN AIRLINES],[Partial Balance Sheet],[December 31,2024,],[Current liabilities:,],[Current portion of long-term debt,],[Long-term liabilities:
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