The following selected transactions relate to liabilities of United insulation Corporation. United's fiscal year ends on December 3 t 2024 Jonuary 13 Negotlated a revolving credit agrecment with Porish fank that can be reneied annually upon bank appreval. THe anont avallable under the line of credit is 526.0 alllion at the bank's prise rate. prine rate of 7 mas payable at maturity. Hay 1 Paid the 7 note at maturity. Iisuance at a 6 of discount rate. Decenber 31 flecorded any necessary adfusting entry(s). 2025 Feptember 1 Paid the caemercial paper at maturlty. Required: Prepare the appiopriate journal entries through the maturity of each liabeity Note: Do not round intermediote calculations. If no entry is required for a tronsaction/event, select No journal entry required" in the first account field, Enter your answers in whole dollars. Journal entry worksheet 1. 5 Record the payment of the 7% note at maturity. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the issuance of $13.0 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 6% discount rate. Note: Enter debits before credite: Journal entry worksheet 1 2 3 7 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Record the repayment of commercial paper at maturity. Note: Enter debits-before credits. The following selected transactions relate to liabilities of United Insulation Corporation. United s fiscal year ends on December 31. 2024 January 13 Negotiated a revolving credit agreenent with Parish Bank that can be renewed annually upon bank approwal. The asount available under the line of credit is $26.0million at the bank's prime rate. February 1 Arranged a three-month bank loan of $9.0 million with Parish Bank under the line of credit agreeaent, Interest at the prime rate of 7% nas payable at maturity. May 1 Paid the 7 note at naturity. December 1 supported by the credit line, issued $13.0 miluon of comercial paper on a nine-month note. Intereit was thsciounted at issuance at a 6% discount rate. Decerber 31 Recorded any necessary adjusting entry(s). 2025 September 1 Paid the commercial paper at maturlty. Required: Prepare the appropriate journal entrles through the maturity of each liablity, Note: Do not round intermediate colculotions. If no entry is required for a transoction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars. Prev 1 of 6 Wext > The following selected transactions relate to liabilities of United insulation Corporation. United's fiscal year ends on December 3 t 2024 Jonuary 13 Negotlated a revolving credit agrecment with Porish fank that can be reneied annually upon bank appreval. THe anont avallable under the line of credit is 526.0 alllion at the bank's prise rate. prine rate of 7 mas payable at maturity. Hay 1 Paid the 7 note at maturity. Iisuance at a 6 of discount rate. Decenber 31 flecorded any necessary adfusting entry(s). 2025 Feptember 1 Paid the caemercial paper at maturlty. Required: Prepare the appiopriate journal entries through the maturity of each liabeity Note: Do not round intermediote calculations. If no entry is required for a tronsaction/event, select No journal entry required" in the first account field, Enter your answers in whole dollars. Journal entry worksheet 1. 5 Record the payment of the 7% note at maturity. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the issuance of $13.0 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 6% discount rate. Note: Enter debits before credite: Journal entry worksheet 1 2 3 7 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Record the repayment of commercial paper at maturity. Note: Enter debits-before credits. The following selected transactions relate to liabilities of United Insulation Corporation. United s fiscal year ends on December 31. 2024 January 13 Negotiated a revolving credit agreenent with Parish Bank that can be renewed annually upon bank approwal. The asount available under the line of credit is $26.0million at the bank's prime rate. February 1 Arranged a three-month bank loan of $9.0 million with Parish Bank under the line of credit agreeaent, Interest at the prime rate of 7% nas payable at maturity. May 1 Paid the 7 note at naturity. December 1 supported by the credit line, issued $13.0 miluon of comercial paper on a nine-month note. Intereit was thsciounted at issuance at a 6% discount rate. Decerber 31 Recorded any necessary adjusting entry(s). 2025 September 1 Paid the commercial paper at maturlty. Required: Prepare the appropriate journal entrles through the maturity of each liablity, Note: Do not round intermediate colculotions. If no entry is required for a transoction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars. Prev 1 of 6 Wext >
