answer the following

12. Grossman Products began operations in 2021. The following selected transactions occurred from September 2021 through March 2022. Grossman's scal year ends on December 31. 202 l : (a.) On September 5, Grossman opened a checking account and negotiated a short-term line of credit of up to $10,000,000 at 10% interest. The company is not required to pay any commitment fees. (b.) On October 1, Grossman borrowed $8,000,000 cash and issued a 5-month promissory note with 10% interest payable at maturity. (c.) Grossman received $3,000 of refundable deposits in December for reusable containers. (d.) Grossman recorded accrued interest. 2022: (e) Grossman paid the promissory note on the March 1 due date. (f.) Half of the storage containers are returned in March, with the other half expected to be returned over the next 6 months. Required: 1. Prepare the appropriate journal entries for the 2021 transactions. 2. Prepare the appropriate journal entries for the events occurring in March of 2022