The following selected transactions relate to liabilities of United Insulation Corporation. Uniteds 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 $20.0 million at the banks prime rate.
Feb.		1		Arranged a three-month bank loan of $3.2 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 10% note at maturity.
Dec.		1		Supported by the credit line, issued $13.6 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).

2019

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.)

1. 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 $20.0 million at the banks prime rate.

2. Record a three-month bank loan of $3.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 10% was payable at maturity.

3. Record the payment of the 10% note at maturity.

4. Record the issuance of $13.6 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 9% discount rate.

5. Record necessary adjusting entry to accrue interest on December 31.

6. Record interest on commercial paper in 2019.

7. Record the repayment of commercial paper at maturity.