Ask Question
3 January, 22:35

On September 1, 2021, Southwest Airlines borrows $39.4 million, of which $6.8 million is due next year. Show how Southwest Airlines would record the $39.4 million debt on its December 31, 2021, balance sheet.

+1
Answers (1)
  1. 4 January, 01:28
    0
    Southwest Airlines

    Partial Balance Sheet December 31, 2021

    Current Liabilities

    Current portion of long-term debt $6,800,000

    Long Term Liability

    Notes Payable $32,600.000

    (39,4000,000-6,800,000)

    Total Liabilities $39,400,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On September 1, 2021, Southwest Airlines borrows $39.4 million, of which $6.8 million is due next year. Show how Southwest Airlines would ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers