The following selected transactions relate to liabilities of United Insulation corporation. United's fiscal year ends on December 31. 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 s22.0 million at the bank's prime rate. Arranged a three-month bank loan of $3.0 million with Parish Bank under the line of credit Paid the 10% note at maturity. Supported by the credit line, issued $15.0 million of commercial paper on a nine-month note. Internet was discounted at issuance at a 9% discount rate. Recorded any necessary adjusting entry(s). Paid the commercial paper at maturity. Prepare the appropriate journal entries through the maturity of each liability 2016 and 2017. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Entry your answers in whole dollars.) 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 $22.0 million at the bank's prime rate