mework Saved Help Save & Exit Check my The following selected transactions relate to liabilities of Rocky Mountain Adventures. Rocky Mountain's fiscal year ends on December 31. January 13 Negotiate a revolving credit agreement with First Bank that can be renewed annually upon bank approval. The amount available under the line of credit La $10 million at the banks prie rate. February 1 Arrange a three-month bank loan of $3.0 million with Tirat bank under the line of credit agreement. Interest at the prime rate of 6tis payable at maturity. May 1 Pay the 64 note at maturity Required: Record the appropriate entries, if any, on January 13, February 1, and May 1, al no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (ie. 5 should be entered as 5,000,000).) View transaction ist Journal entry worksheet 1 2 3 Record the receipt of revolving credit Check my world View transaction list Journal entry worksheet Record the receipt of revolving credit. Note Entrets before credits General Journal Debit Date January 13 Credit Record entry Clear entry View general Journal Check my work View transaction list Journal entry worksheet Check my work View transaction list Journal entry worksheet 1 2 3 Record the payment of the note at maturity. Note: Enter debits before credits General Journal Debit Credit Date May 01 Record entry Clear entry View general Journal