Number 1 transaction list:

• Record a revolving credit agreement negotiated 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.
• Record a three-month bank loan of $6.0 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 10% was payable at maturity.
• Record the payment of the 10% note at maturity.
• Record the issuance of $16.0 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 9% discount rate.
• Record necessary adjusting entry to accrue interest on December 31.
• Record interest on commercial paper in 2022.
• Record the repayment of commercial paper at maturity.

1.5 points eBook HMt Pnl 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 $29.0 million at the bank's prime rate. Feb. 1 Arranged a threemonth bank loan of $6.0 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 10% was payable at maturity. May 1 Paid the 10% note at maturity. Dec. 1 Supported by the credit line, issued $16.0 million of commercial paper on a ninemonth note. Interest was discounted at issuance at a 9% discount rate. 31 Recorded any necessary adjusting entryts). 2022 Sept. 1 Paid the commercial paper at maturity. Required: Prepare the appropriatejournal entries through the maturity of each liability. (If no entry is required for a transactlonlevent, select "Nojournal entry required" In the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) 1.5 points eBook Diversied Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shipped were $931,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2021, represented deposits of $570,000. In 2021, $877,000 was refunded and deposits forfeited were $40,000. Required: 1. Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. 2. Determine the liability for refundable deposits to be reported on the December 31. 2021, balance sheet