The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. arish Bank that the bank's pe line of credit 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 $28.5 million at the bank's prime rate. Feb. 1 Arranged a three-month bank loan of $5.8 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 10% was payable at maturity. May 1 Paid the 100 note at maturity. Dec. 1 Supported by the credit line, issued $17.0 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 9% 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 fleld. Do not round intermediate calculations. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 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 $28.5 million at the bank's prime rate. Note: Enter debits before credits. Date General Journal Debit Credit Jan 13, 2021