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2 0 2 4 January 1 3 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount

2024January 13Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $30.0 million at the banks prime rate.February 1Arranged a three-month bank loan of $6.5 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 11% was payable at maturity.May 1Paid the 11% note at maturity.December 1Supported by the credit line, issued $18.6 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 10% discount rate.December 31Recorded any necessary adjusting entry(s).2025September 1Paid 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.

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