3) Branch Corporation issued $15 million nterest was discounted at issuance at a 8% discount rate. issued $15 million of commercial paper on March 1 on a nine-month note. Prepare the journal entry for the issuance of journal entry for the issuance of the commercial paper and its repayment at maturity. Debit Credit Farbara Muller Services (BMS) pays its employees monthly. The payroll information is for January 2021, the first month of BMS's fiscal year. Assume none of the empl ngs reached $7,000 during the month