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Geronimo Inc. began operations in 2019. The following selected transactions occurred from September 2020 through March 2021. Geronimo Inc.'s fiscal year ends on December 31.c 2020 a. On September 5, Geronimo Inc. opened a checking account and negotiated a short-term line of credit of up to $10,000,000 at 10% interest. The company is not required to pay any committment fees. b. On October 1, Geronimo Inc., supported by the line of credit, issued $6,500,000 of commercial paper on a 9-month note. Interest was discounted at issuance at an 8% discount rate. c. Geronimo Inc. received $8,000 of refundable deposits in cash in December for reusable containers. d. For the September through December period, credit sales totaled $7,500,000. The state sales tax rate is 3%. e. Record any necessary December 31st adjusting entry(s). 2021 f. 80% of the storage containers are returned to Geronimo Inc. in March. The remaining storage containers are being kept by Geronimo Inc.s customers. The total cost for all of the forfeited containers is $650. g. Geronimo Inc. paid the commercial paper at maturity. Required 1 Prepare the appropriate journal entries for the 2020 transactions. 2 Prepare the appropriate journal entries for the 2021 transactions.