The following selected transactions relate to liabilities of United Insulation Corporation. United$$s fiscal year ends on December $31.$

$2024$

January $13$ 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 $$30\mathrm{.}5$ million at the bank$$s prime rate.

February $1$ Arranged a three$-$month bank loan of $$7\mathrm{.}8$ million with Parish Bank under the line of credit agreement. Interest at the prime rate of $12\%$ was payable at maturity.

May $1$ Paid the $12\%$ note at maturity.

December $1$ Supported by the credit line, issued $$18\mathrm{.}0$ million of commercial paper on a nine$-$month note. Interest was discounted at issuance at a $11\%$ discount rate.

December $31$ Recorded any necessary adjusting entry$($s$).$

$2025$

September $1$ Paid the commercial paper at maturity.

Required:

Prepare the appropriate journal entries through the maturity of each liability.