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Brief Exercise 8-10(Algo) Report current portion of long-term debt (LO8-4) ...

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Accounting

Brief Exercise 8-10(Algo) Report current portion of long-term debt (LO8-4)
On September 1,2024, Bahamas Airlines borrows $40 million, of which $8.0 million is due next year. Show how Bahamas Airlines
would report the $40 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.)
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