2 The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. 2021 Jan. 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 $29.0 million at the bank's prime rate. Teb. 1 Arranged a three-month bank loan of $6.0 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 108 was payable at maturity. May Paid the 100 note at maturity. Dec. 1 Supported by the credit line, issued $16.0 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 98 discount rate. 31 Recorded any necessary adjusting entry(o). 2022 Sept. 1 Paid the cornercial paper at maturity. bok Required: Prepare the appropriate journal entries through the maturity of each liability. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round Intermediate calculations. Enter your answers in whole dollars.) 14 View transaction list View journal entry workshoot No Date General Journal 1 Jan 13, 2021 No journal entry required Debit Credit noes 2 6,000,000 Feb 01, 2021 Cash Notos payable 6,000,000 3 May 01, 2021 Interest expenso Notes payable Cash 150,000 6,000,000 6,150,000 4 Dec 01, 2021 Cash Discount on notes payable Notes payable 5 Dec 31, 2021 Interest expense Discount on notes payable 2 6 Sep 01, 2022 Interest expense Discount on notos payable 7 Sep 01, 2022 Notes payable Cash