The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. 2018 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 $25.5 million at the bank's prime rate. Feb. May Dec. 2019 1 Arranged a three-month bank loan of $4.6 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 8% was payable at maturity. 1 Paid the 8% note at maturity. 1 Supported by the credit line, issued $15.6 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 7% discount rate. 31 Recorded any necessary adjusting entry(s). Sept. 1 Paid the commercial paper at maturity. Required: Prepare the appropriate journal entries through the maturity of each liability 2018 and 2019. (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 renewed annually upon bank approval. The amount available under the line of credit is $25.5 million at the bank's prime rate. Note: Enter debits before credits. Date Jan 13, 2018 General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record a three-month bank loan of $4.6 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 8% was payable at maturity. Note: Enter debits before credits. Date Feb 01, 2018 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the payment of the 8% note at maturity. Note: Enter debits before credits. Date May 01, 2018 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the issuance of $15.6 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 7% discount rate. Note: Enter debits before credits. Date Dec 01, 2018 General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Date Dec 31, 2018 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Date Dec 31, 2018 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 Record interest on commercial paper in 2019. Note: Enter debits before credits. Date Sep 01, 2019 00 6 7 > General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 > Record the repayment of commercial paper at maturity. Note: Enter debits before credits. Date Sep 01, 2019 General Journal Debit Credit View general journal Record entry Clear entry