E 13-3 Short-term notes .LO13-2 The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. Required Prepare the appropriate mal entries through the maturity of each liability. 2018 Jan 13 Feb 1 May 1 Dec. 1 31 2019 Sept 1 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount valable under the line of credit is $20 million at the bank's prime rate Arranged a free-month bank loan of $5 million with Parish Bank under the ine of credit agreement Interest at the prime rate of 10% was payable at maturity Paid the 10% robe at maturity Supported by the credit line, issued $10 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 9% discount rate. Recorded any necessary adjusting entrys). Paid the commercial paper at maturity