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Camden Blotechnology began operations in September 2 0 2 4 . The following selected transactions relate to liabilitles of the company for September 2 0

Camden Blotechnology began operations in September 2024. The following selected transactions relate to liabilitles 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 negotlated a short-term line of credit of up to $33,000,000 at the bank's prime rate at the time). The company will pay no commitment fees.
b. On October 1, borrowed $30 million cash from Second Commercial Bank under the line of credit and Issued a 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.
c. Recelved $3,300 of refundable deposits in December for reusable containers used to transport and store ehemical-based products.
d. For the September-December period, sales on account totaled $5,020,000. 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 sles transactions for the period.)
e. Recorded the adjusting entry for accrued interest.
2025
f. In March, pald the entire amount of the note bn Its March 1 due date, using proceeds from a February issuance of $28.0 million of 10-year bonds at face value, along with other avallable cash.
g. 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 2025.
Requlred:
Prepare the approprlate journal entries for Items a-g.
Prepare the current and long-term liability sections of the December 31,2024, balance sheet. Trade accounts payable on that date were $321,000.
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