On September 1, 2012, Southwest Airlines borrows $40 million, of which $8 million is due next year.

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On September 1, 2012, Southwest Airlines borrows $40 million, of which $8 million is due next year. Show how Southwest Airlines would record the $40 million debt on its December 31, 2012, balance sheet.

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Financial Accounting

ISBN: 9780078110825

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Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jan 16, 2017 10:28 AM

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On September 1, 2012, Southwest Airlines borrows $40 million, of which $8 million is due next year.

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Financial Accounting

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