The following selected transactions relate to liabilities of Smokey Mountain Adventures. Smokey Mountains fiscal year ends on December 31.

January 13	Negotiate a revolving credit agreement with First Bank 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 $4.9 million with First Bank 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).)