Camden Biotechnology began operations in September 2024. The following selected transactions relate to liabilities of the company for September 2024 through March 2025. Camden's fiscal year ends on December 31 , its financial statements are issued in April. 2024 a. On September 5, opened checking accounts at Second Commercial Bank and negotioted a short-term line of credit of up to $13,000,000 at the bank's prime rate (11.5\% at the time). The company will pay no commitment fees. b. On October 1, borrowed $10 million cash from Second Commercial Bank under the line of credit and issued a five-month promissory note. interest at the prime rate of 11% was payable at maturity. Management planned to issue 10 -year bonds in February to repay the note. c. Received \$2,900 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 $4,930,000. 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. 2025 f. In March, paid the entire amount of the note on its March 1 due date, using proceds from a February issuance of $8.0 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 durinig the first nine months of the year. Halt. of the containers were returned in March 2025. Required: 1. Prepare the oppropriate journal entries for items a-9. 2. Prepare the current and long term liability sections of the Deceriber 31, 2024, bolance sheet. Trode accounts potyable on that date were $256.000 Complete this question by entering your answers in the tabs below