Masy's Department Store supported its operations through short-term note financing in 2020 described as follows:

May 10 The Company entered into a new credit agreement with certain financial institutions providing for revolving credit borrowings and letters of credit in an aggregate amount not to exceed \(\$ 1.5\) million. Interest rates are adjustable.

Sep. 30 The Company borrowed \(\$ 500,000\) on the revolving credit line, payable in 6 months, at an interest rate of \(7.25 \%\), due upon maturity.

Nov. 30 Additional cash needed during peak holiday sale period was funded through the issuance of 60day. \(\$ 200,000\) commercial paper, discounted at \(4 \%\).

Jan. 29 Paid off the commercial paper debt on due date.

Mar. 31 Paid off the balance of \(\$ 500,000\) on the revolving credit line plus interest.

Required 

Record the following journal entries, assuming a 360-day year for interest computations:

a. May 10 -Entering into credit line agreement.

b. September 30 -Issuance of \(\$ 500,000\) note payable.

c. November 30 -Issuance of \(\$ 200,000\) commercial paper. Compute the discount on note payable using 360 days as the base for prorating interest.

d. December 31-Adjusting entries.

e. January 29-Payment of \(\$ 200,000\) commercial paper.

f. March 31 - Payment of \(\$ 500,000\) note payable.