Camden Biotechnology began operations in September 2024. The followng selected transactions relate to tiabilites of the company for September 2024 through March 2025. Camden's fiscal year ends on December at. Its financlal statements are issibed in Apri 2024 a. On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-tertn ilne of credit of up to 518,000,000 at the bank's prime rate (15,5% at the time). The company will pay no comntinent fees. b. On Octobet 1 , bortowed $15 million cash from Second Commercial Bank under the ine of credit end iscued a five-imonth promissory note interest at the prime rate of 15% was payable at maturity. Management planned to tswue 10 year bonds in February to fepay the note. c. Received $3,600 of refundable deposits in December for reusable containers used to transport and store chemikal-based products d. For the September-December penod, sales on account totaled $5,050,000. The state sales rax cote is 39 and the lacel sales tax rate is 3 . (This is a sumimary journal entry for the many individual sales transactions for the period) e. Recorded the adjusting entry for accrued interest. 2025 f. in March, pald the entire amount of the note on ins March 1 due dote, usug proceecs from a February issuance of 513.0 millon of 10 -year bonds at face value, along whth other avallable cosh. 9. The storage conteiners covered by refundable deposits are expected to be teturned curing the frst aine monthe of the yeoc Holf of the containets were recurned in March 2025. Required: 4. Prepare the approprate journal entries for itenis o-9. date were $333.000 Complete this question by enterine vour answers in the tabs below. Prepare the current and long-term fiability sections of the Decenber 31,2024 , balancen sheet. Trade acchunts payable on that date were $333,000. Noter Enter your answers in whole dollars. Prepare the appropriate joumal entries for items a-9. Notes if no entry is required for a transactionvevent, select "No joumal entry required" in the fint account field, Enter your antumess in whole dollars. Journal entry worksheet \begin{tabular}{lllllll} 2 & 3 & 4 & 5 & 6 & 7 & 8 \end{tabular} Record opening of checking accounts at Second Commeroial flank and negotiated a short-term line of credit of up to $18,000,000 at the bank's prime rate (15.5% at the time). The company will pay no commitment fees. Note: Enter debits before credits. Prepare the appeopriate joumal entries for items a-g. Note: if no entry is required for a transaction/event, select "No journal entry required" in the finst account field, Enter your answen in Whole dollars. wholy Journal entry worksheet r. r. 6 7 8 Record the borrowing of $15 million cash and issuance of five-month promissory note. Interest at the prime rate of 15% was payable at maturity. Management planned to issue 10 -year bonds in February to repay the note. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{l|cccccc} 1 & 2 & 4 & 5 & 6 & 7 & 8 \end{tabular} containers used to transport and store chemical-based products. Note: Enter debits before credits. Journal entry worksheet 1 7 8 Record for the September-December period, sales on account totaled $5,050,000. The state sales tax rate is 3% and the local sales tax rate is 3%. Note: Enter debits before credits. whole dollars. Journal entry worksheet 1 6 7 8 Recorded the adjusting entry for accrued interest. Noter Enter debits before crodits. Prepare the appropriate joumal entries for items a-g. Note: If no entry is required for a transactionvevent, select. "No journal entry required" in the fint acobunt ficid. Eriter your antinens in whole dollars. Journal entry worksheet 12 8 In March, paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $13.0 million of 10 -year bonds at face value, along with other available cash. Record the issuance of the bonds. Note: Enter debits before credits. Prepare the appropriate joumal entries for items a-y. Note: If no entry is required for a transiaction/event, select "No joumal entry required" in the first account field. Fiter your inswers in whole dollars. Journal entry worksheet 1234 In March, paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $13.0 million of 10 -year bonds at face value, along with other available cash. Record the payment of the notes payable. Journal entry worksheet 1 2 3 4 5 6 7 Record half of the storage containers covered by refundable depocits were returned in March. The remaining containers are expected to be returned during the next six months. Note: Enter debits before credits: Camden Biotechnology began operations in September 2024. The followng selected transactions relate to tiabilites of the company for September 2024 through March 2025. Camden's fiscal year ends on December at. Its financlal statements are issibed in Apri 2024 a. On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-tertn ilne of credit of up to 518,000,000 at the bank's prime rate (15,5% at the time). The company will pay no comntinent fees. b. On Octobet 1 , bortowed $15 million cash from Second Commercial Bank under the ine of credit end iscued a five-imonth promissory note interest at the prime rate of 15% was payable at maturity. Management planned to tswue 10 year bonds in February to fepay the note. c. Received $3,600 of refundable deposits in December for reusable containers used to transport and store chemikal-based products d. For the September-December penod, sales on account totaled $5,050,000. The state sales rax cote is 39 and the lacel sales tax rate is 3 . (This is a sumimary journal entry for the many individual sales transactions for the period) e. Recorded the adjusting entry for accrued interest. 2025 f. in March, pald the entire amount of the note on ins March 1 due dote, usug proceecs from a February issuance of 513.0 millon of 10 -year bonds at face value, along whth other avallable cosh. 9. The storage conteiners covered by refundable deposits are expected to be teturned curing the frst aine monthe of the yeoc Holf of the containets were recurned in March 2025. Required: 4. Prepare the approprate journal entries for itenis o-9. date were $333.000 Complete this question by enterine vour answers in the tabs below. Prepare the current and long-term fiability sections of the Decenber 31,2024 , balancen sheet. Trade acchunts payable on that date were $333,000. Noter Enter your answers in whole dollars. Prepare the appropriate joumal entries for items a-9. Notes if no entry is required for a transactionvevent, select "No joumal entry required" in the fint account field, Enter your antumess in whole dollars. Journal entry worksheet \begin{tabular}{lllllll} 2 & 3 & 4 & 5 & 6 & 7 & 8 \end{tabular} Record opening of checking accounts at Second Commeroial flank and negotiated a short-term line of credit of up to $18,000,000 at the bank's prime rate (15.5% at the time). The company will pay no commitment fees. Note: Enter debits before credits. Prepare the appeopriate joumal entries for items a-g. Note: if no entry is required for a transaction/event, select "No journal entry required" in the finst account field, Enter your answen in Whole dollars. wholy Journal entry worksheet r. r. 6 7 8 Record the borrowing of $15 million cash and issuance of five-month promissory note. Interest at the prime rate of 15% was payable at maturity. Management planned to issue 10 -year bonds in February to repay the note. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{l|cccccc} 1 & 2 & 4 & 5 & 6 & 7 & 8 \end{tabular} containers used to transport and store chemical-based products. Note: Enter debits before credits. Journal entry worksheet 1 7 8 Record for the September-December period, sales on account totaled $5,050,000. The state sales tax rate is 3% and the local sales tax rate is 3%. Note: Enter debits before credits. whole dollars. Journal entry worksheet 1 6 7 8 Recorded the adjusting entry for accrued interest. Noter Enter debits before crodits. Prepare the appropriate joumal entries for items a-g. Note: If no entry is required for a transactionvevent, select. "No journal entry required" in the fint acobunt ficid. Eriter your antinens in whole dollars. Journal entry worksheet 12 8 In March, paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $13.0 million of 10 -year bonds at face value, along with other available cash. Record the issuance of the bonds. Note: Enter debits before credits. Prepare the appropriate joumal entries for items a-y. Note: If no entry is required for a transiaction/event, select "No joumal entry required" in the first account field. Fiter your inswers in whole dollars. Journal entry worksheet 1234 In March, paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $13.0 million of 10 -year bonds at face value, along with other available cash. Record the payment of the notes payable. Journal entry worksheet 1 2 3 4 5 6 7 Record half of the storage containers covered by refundable depocits were returned in March. The remaining containers are expected to be returned during the next six months. Note: Enter debits before credits