Question vatue 10.00 points The following selected transactions relate to liablities of United Insulation Corporation. United's fiscal year ends on December 31 2016 Jan 13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank Feb 1 Arranged a three-month bank loan of $6 2 million with Parish Bank under the line of credit May 1 Paid the 13% note at maturity approval. The amount available under the line of credit is $27 0 million at the bank's prime rate agreement Interest at the prime rate of 13% was payable at maturity Dec.1 Supported by the credit line, issued $14.9 million of commercial paper on a nine-month note Interest was discounted at issuance at a 12% discount rate. 31 Recorded any necessary adjusting entry(s) 2017 Sept 1 Paid the commercial paper at matunity Required: Prepare the appropriate journal entries through the matunty of each liabilty 2016 and 2017 (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.) ew transaction list Journal entry worksheet 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 $27.0 million at the bank's prime rate. Note: Enter debits before credits. Date General Journal Debit Credit Jan 13, 2016 o