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 $30.5 million at the bank's prime rate 1 Arranged a three-month bank loan of $7.8 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 12% was payable at maturity. 1 Paid the 128 note at maturity 1 Supported by the credit line, issued $18.0 million of commercial paper on a nine-month note. Interest was Feb. May Dec. discounted at issuance at a 11% 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.) View transaction list Journal entry worksheet 1 2 3 4 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 $30.5 million at the bank's prime rate. Note: Enter debits before credits. General Journal Date Debit Credit Jan 13, 2018 Record entry Clear entry View general journal Journal entry worksheet 2 6 7 1 4 5 Record a three-month bank loan of $7.8 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 12% was payable at maturity. Note: Enter debits before credits. Debit Date General Journal Credit Feb 01, 2018 Record entry Clear entry View general journal LO Journal entry worksheet 3 6 7 1 2 4 Record the payment of the 12% note at maturity. Note: Enter debits before credits. Debit Date General Journal Credit May 01, 2018 Record entry Clear entry View general journal CO st Journal entry worksheet 2 4 6 7 1 3 Record the issuance of $18.0 million of commercial paper on a nine-month note, supported by the credit line. Interest was discounted at issuance at a 11% discount rate. Note: Enter debits before credits. Date General Journal Debit Credit Dec 01, 2018 Record entry Clear entry View general journal Journal entry worksheet 5 7 1 2 3 4 6 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31, 2018 Record entry Clear entry View general journal LO Journal entry worksheet 5 7 1 2 3 4 6 Record necessary adjusting entry to accrue interest on December 31. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31, 2018 Record entry Clear entry View general journal LO Journal entry worksheet 7 1 2 4 Record the repayment of commercial paper at maturity. Note: Enter debits before credits. General Journal Credit Date Debit Sep 01, 2019 Record entry View general journal Clear entry LO