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Can you help? The following selected transactions relate to liabilities of United Insulation Corporation. United's scal year ends on December 31. 2021 Jan. 13 Negotiated

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The following selected transactions relate to liabilities of United Insulation Corporation. United's scal 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 $25.5 million at the bank's prime rate. Feb. 1 Arranged a threemonth bank loan of $4.6 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 8% was payable at maturity. May 1 Paid the 8% note at maturity. Dec. 1 Supported by the credit line, issued $15.6 million of commercial paper on a ninemonth note. Interest was discounted at issuance at a 7% discount rate. 31 Recorded any necessary adjusting entryts}. 2022 Sept. 1 Paid the commercial paper at maturity. Required: Prepare the appropriate joumal entries through the maturity of each liability. {If no entry is required for a transactionlevent, select "Nojournal entry re4:|uire|:l'I in the rst account eld. Do not round intermediate calculations. Enter your answers in whole dollars.) Record a reyolying credit agreement negotiated with Pariah Bank that can be renewed annually upon bank approval. The amount ayailable under the line of credit is $25.5 million at the bank's prime rate. Record a three-month bank loan of $4.5 million with Parish Bank under the line of credit agreement. Intereet at the prime rate of 8% was payable at maturity. Record the payment of the 8% note at maturity. Record the issuance of $15.5 million of commercial paper on a nine-month note, supported by the credit line. Intereet wae discounted at ieeuance at a ?% discount rate. Record neceeeary adjusting entry to accrue interest on December 31. Record interest on commercial paper in 2022. Record the repayment of commercial paper at maturity

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