$024$

January $13$ Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $$27\mathrm{.}0$ million at the bank's prime rate.

February $1$ Arranged a three$-$month bank loan of $$6\mathrm{.}6$ million with Parish Bank under the $1$ ine of credit agreement. Interest at the prime rate of $13$ of was payable at maturity.

May $1$ Paid the $13?$ note at maturity.

December $1$ Supported by the credit line, issued $$16\mathrm{.}3$ million of commercial paper on a nine$-$month note. Interest was discounted at issuance at a $128$ discount rate.

December $31$ Recorded any necessary adjusting entry$($s$).$

$2025$

September $1$ Paid the commercial paper at maturity.

Required:

Prepare the appropriate journal entries through the maturity of each liability.

Note: Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars.