ework 10.1 Saved 5 2 points eBook Hot Singer Company has a line of credit with United Bank. Singer can borrow up to $317,000 at any time over the course of the Year 1 calendar year. The following table shows the prime rate expressed as an annual percentage along with the amounts borrowed and repaid during the first three months of Year 1. Singer agreed to pay interest at an annual rate equal to 3.00 percent above the bank's prime rate. Funds are borrowed or repaid on the first day of each month. Interest is payable in cash on the last day of the month. The interest rate is applied to the outstanding monthly balance. For example, Singer pays 6.75 percent (3.75 percent 3.00 percent) annual interest on $84,400 for the month of January Pret Month January February March References Required Amount Borrowed or Prime Rate for the (Repaid)) $84,400 115,900 (17,700) Month 3.75% 2.75 3.25 Provide all journal entries pertaining to Singer's line of credit for the first three months of Year 1 (Round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2 Journal entry worksheet 5. points 1 2 3 4 5 6 Record the cash borrowed. etlook Hint P References Note: Enter debits before credits Date Jan 01 Saved General Journal Debit Credit D View general journal Record entry Clear entry 2 Journal entry worksheet 5 points eBook 1 3 3 4 5 6 Record the interest expenses paid. Saved Note: Enter debits before credits Hint General Journal Debit Credit Print References Date Jan 31 Clear entry View general journal Record entry 2 5. points Journal entry worksheet < 1 2 3 4 5 6 Record the cash borrowed. eBook Note: Enter debits before credits Hint Print Date Feb 01 References General Journal Debit Credit Clear entry View general journal Record entry 2 Journal entry worksheet 5 points eBook 1 2 3 A 5 6 Record the interest expenses paid. Hint Print References Note: Enter debits before credits. Date Feb 28 General Journal Debit Credit Clear entry View general journal Record entry TUBEWULK 10.1 5 2 points eBook Hint Print References Journal entry worksheet < 1 2 3 4. 5 6 Record the repayment of borrowed amount. Note: Enter debits before credits, Date Mar 01 Saved General Journal Debit. Credit View general journal Record entry Clear entry EUTICUTTURA 10.1 2 5 points Journal entry worksheet < 1 2 3 4 5 Record the interest expenses paid. 19.9 Seved Note: Enter debits before credits. General Journal Debit Credit eBook Hint Print References Date Mar 31 Clear entry View general journal Record entry