The following selected transactions relate to liabilities of Food Emporium whose fiscal year ends on December 31. January March 26 Negotiated a line of credit with City Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $13.00 million at the bank's prime rate. 1 Arranged a six-month bank loan of $480,000 with City Bank under the line of credit agreement. Interest at the prime rate of 8% is payable at maturity. 1 Paid the 8% note at maturity. September Record the appropriate entries, if any, on January 26, March 1, and September 1. (Enter your answers in dollars, not in millions. Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Arranged a six-month bank loan of $480,000 with City Bank under the line of credit agreement. Interest at the prime rate of 8% is payable at maturity. Record appropriate entry if necessary. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Record entry Clear entry View general journal Journal entry worksheet Record payment of the 8% note at maturity. Note: Enter debits before credits. Date General Journal Debit Credit September 01 Record entry Clear entry View general journal