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 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. Feb. 1 Arranged a three-month bank loan of $6.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 13% was payable at maturity, May 1 Paid the 13% note 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). 2022 Sept. 1 Paid the commercial 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 transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record a revolving credit agreement negotiated with Parish Bank that can be Pres 1 of 8 III Next > Journal entry worksheet Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2021 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 7 Record interest on commercial paper in 2022. Note: Enter debits before credits General Journal Debit Credit Date Sep 01, 2022 Record entry Clear entry View general journal Journal entry worksheet