The following selected transactions relate to liabilities of Company A$.$ Company A$$s fiscal year ends on December $31.$

January $13$ Negotiate a revolving credit agreement with Company B that can be renewed annually upon bank approval. The amount available under the line of credit is $$10$ million at the bank's prime rate.

February $1$ Arrange a three$-$month bank loan of $$4\mathrm{.}0$ million with Company B under the line of credit agreement. Interest at the prime rate of $7\%$ is payable at maturity.

May $1$ Pay the $7\%$ note at maturity.

Required:

Record the appropriate entries, if any, on January $13,$ February $1,$ and May $1.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions $($i$.$e$.5$ million should be entered as $5,000,000).)$