The following selected transactions relate to abilities of United Insulation Corporation, United's fiscal year ends on December 31 2021 Jan. 13 Megotiated a revolving credit agreement with Parish Bank that can be reneved annually upon bank approval. The amount available under the line ot credit is $29.5 million at the bank's prime rate. Teh 1 Arranged three month bank loan of 17.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 71 was payable at maturity. May 1 Taid the 76 note at maturity. Dec. 1 supported by the credit line, moved 16.7 million of commercial paper on a nine-month note. Interest w discounted at Luance at a discount rate. 31 Recorded any necessary adjusting entry(o). 2022 Sept. 1 Paid the commercial paper at maturity. Required: Prepare the appropriate journal entries through the maturity of each liability of 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.) Journal entry worksheet 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 $29.5 million at the bank's prime rate. Dana General Journal De Credit Jan 13.2021 111 The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31 2021 Jan. 11 Begotiated. revolving credit recent with Parish Bank that can be removed annually pos bank approval. The amount available under the line of credit le 129.5 million at the bank'e prime rate Yeb. 1 Arranged a three-month bank loan of 17.2 million with Parish Bank der the line of credit agreement. Interest at the prime rate of Th was payable at maturity. MAY 1 Paid the 7 more at maturity. Dee. 1 Supported by the credit line, issued $16.3 million of commercial paper on a sine-month note. Teterest was discounted at issuance at a discount rate 31 Recorded any necessary adjusting entry(a). 2022 Sept. 1 Paid the coreal paper at maturity. Required: Prepare the appropriate journal entries through the maturity of each liability. 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) View transactional Journal entry worksheet 5 6 7 > Record a three-month bank loan of $7.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 7% was payable at maturity General Journal Credit Feb 01, 2021 2 The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31 2010 2021 Jan. 13 Negotiated a revolving credit recent with Para Bank that can be reneved annually upon hankpproval, the nous available under the line of credit i $29.5 million at the bank'a pemerate. Teti 1 Arranged a threethbank loan of 1.2 million with Parish Bank under the line of credit Agrest. utrust at the private of the payable at maturity. 1 Faid the note that 1 supported by the credit to inued $16.9 million of commercial paper on a nine-month note. Interest was discounted at nunc discount rate 31 Recorded any necessary dating entry). 2022 Bept. 1 Paid the comercial paper at maturity. Lipped book Required: Prepare the appropriate journal entries through the maturity of each liability of 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) View transaction Prir Journal entry worksheet Record the payment of the 7 note at maturity. Noter rechtsforeni General Journal Debi May 01, 2021 2 10 points The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31 2021 Jan. 13 Negotiated a revolving credit agreement with Pariah Bank that can be reneved annually upon bank approval. The amount available under the line of credit is $29.5 million at the banks prime rate. Feb. 1 Arranged a three-month bank loan of $1.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 71 was payable at maturity. May 1 Paid the 7 note at maturity. Dec. 1 Supported by the credit line, issued $16.9 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 6 discount rate. 31 Recorded any necessary adjusting entry to). 2022 Sept. 1 Paid the commercial paper at maturity 8 BOOK Required: Prepare the appropriate journal entries through the maturity of each liability. (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.) View transaction lit Pent Journal entry worksheet 5 6 7 Record the issuance of $16.9 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 der before medits General Jumat Debit Credit Dec 01, 2021 Les and Contingencies 2 The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 10 01246 2021 Jan. 13 Negotiated a revolving credit agree with Parish Bank that can be read annually upon bank approval. The amount available under the line of credit $29.5 million at the bank's pristato Tab 1 Arranged a three-mon bank loan or 57.2 10 With Paris Bank under the line of credit agree treat at the prime rate of Tas payable at maturity. 1 Paid the hote at writy. De 1 Supported by the credit line. Issued $16.9 million et celal paper on nine-month note. Interest discounted at ang at a discount rate. 31 Recorded any necessary adjusting entry) 2022 Bept. I Paid the commercial per a maturity. Required: Prepare the appropriate journal entries through the maturity of each Bability. Of 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) fo Journal entry worksheet Record necessary adjusting entry to accrue interest on December 31. Daha Dec 31, 2021 2 10 3 0143 The following selected transactions relate to liabilities of United Insulation Corporation United's fiscal year ends on December 2021 Jan 13 revolving credit rement with Parish tank that can served asially work wel. The must available under the line of credit is $39.5 sit at the bank priate Yoh. 1 Arranged a three-onth bank tot 17.2 million with Park Hank under the line of credit agrumet at the price of a payable tatt. Yald the 76 note at murity De 1 supported by the credit line. 1. lion of a pero hate. Interest discounted at in diens vate 31 Mecorded anyway adjusting tys. 2022 Dept. 1 Faid the commercial per atsturity Required: Prepare the appropriate journal entries through the maturity of each ability of 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) Journal entry worksheet Record interest on commercial paper in 2022 Sep 01, 2002 2 The following selected transactions relate to abilities of United insulation Corporation. United's fiscal year ends on December 31 10 bor 2021 1) Horlated revolving credit agreement with Parish bank that can be renewed annually upon hank approval. The About available under the line of credit is $29.5 million at the prime rate Tele 1 Arranged the bank loan of 89.1 million with Parish under the line et rett present the prime rate of pays at maturity. Hay 1 Pald the note at maturity. 1 Hupported by the credit in, med 16. in occare al pron nine month. Interest diented in an 4 discount rate 31 Here any necessary di 2022 Bept. 1 Paid the comer paper at may Required: Prepare the appropriate journal entries through the maturity of each lability of 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) GD Journal entry worksheet 6 > Record the repayment of commercial paper at maturity p01.2022
