Problem 13-2 Various transactions involving liablities L013-2, 13-3, 13-4] Camden Biotechnology began operations in September 2016. The following selected transactions relate to abilities of the company for September 2016 through March 2017. Camden's fiscal year ends on December 31. ils fnancial statements are issued in April. 2016 On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-term ATcreat of up to S26.000,000 at the bank's prime rate (15.5% at the time) The company will pay no fees b On October 1, borrowed $23 million cash from Second Commercial Bank under the line of credit and a tve-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. Received $1,900 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 $5,080,000. 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 ine adusting entry for accrued interest 2017 t In February, issued $21 million of 10-year bonds at face value and paid the bank loan on the March 1 due date Haif of the storage containers covered by refundable deposits were returned in March The remaining containers are expected to be returned during the next six months Required: 1. Prepare the appropriate journal entries for 2016 and 2017 transactions. (f no entry is required for a transaction event, select "No journal entry required" in the first account field 2 3 4 5 6 7 8