On September 1, 2018, Southwest Airlines borrows $40.6 million, of which $9.2 million is due...
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On September 1, 2018, Southwest Airlines borrows $40.6 million, of which $9.2 million is due next year. Show how Southwest Airlines would record the $40.6 million debt on its December 31, 2018, balance sheet. (Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000) SOUTHWEST AIRLINES Partial Balance Sheet December 31, 2018 Current liabilities Current portion of long-term debt Long-term liabilities Notes payable Total liabilities
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