4 10 points las Post Hoferences Camden Biotechnology began operations in September 2021. The following selected transactions relate to abilities of the company for September 2021 through March 2022. Camden's fiscal year ends on December 31, its financial statements are issued in A 2021 a. On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-term line of credit of up to $21,000,000 at the bank's prime rate (9.5% at the time). The company will pay no commitment fees b. On October 1, borrowed $18 million cash from Second Commercial Bank under the line of credit and issued a five month promissory note. Interest at the prime rate of 9% was payable at maturity Management planned to issue 10-year bonds in February to repay the note c Received $2.800 of refundable deposits in December for reusable containers used to transport and store chemical-based products d. For the September-December period, sales on account totaled $4,340,000. The state sales tax rate is 3% and the local sales tax rate is 3%. (This is a summary journal entry for the many individual sales transactions for the period.) e. Recorded the adjusting entry for accrued interest. 2022 1. In March. paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $17.0 million of 10- year bonds at face value, along with other available cash. 9. The storage containers covered by refundable deposits are expected to be returned during the first nine months of the year. Half of the containers were returned in March 2022 Required: 1. Prepare the appropriate journal entries for items a-g. 2. Prepare the current and long-term liability sections of the December 31, 2021, balance sheet. Trade accounts payable on that date were $271000 Complete this question by entering your answers in the tabs below. View transaction list Journal entry worksheet WOOD 2010 Publication 17 20 er 13 Saved Help 7. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate Journal entries for items a-9. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field. Enter your answers in whole dollars) Ook View transaction list int ences Journal entry worksheet 2 3 4 5 8 Record receipt of $2,800 of refundable deposits in December for reusable containers used to transport and store chemical-based products. Note: Enter debits before credits Debit General Journal Transaction Credit c View general Journal Record entry Clear entry Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries for items a-g. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Saved Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate Journal entries for items a-g. (If no entry is required for a transaction/event, select "No journal entry require in the first account field. Enter your answers in whole dollars.) View transaction ist Ces Journal entry worksheet Record issuance of $17.0 million of 10-year bonds. Note: Enter debits before credits Debit Credit Transaction General Journal f-1 View general Journal Clear entry Required 1 Required 2 Prepare the appropriate journal entries for items a-g. (If no entry is required for a transaction/event, select "No journal er in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet