work 9 Help Sa The following selected transactions relate to lablities of United Insulation Corporation. United's fiscal year ends on December 31. 2018 Jan. 13 Negotiated a revolving eredit agreement with Parish Bank that can be zeneved annually upon bank approval. The Teb. 1 Arranged a three-month bank loan of $6.6 million with Parish Bank under the line of eredit agreenent. Interest at May 1 Paid the 13t note at maturity Dee. 1 Supported by the credit line, issued $16.3 million of commereial paper on a nine-month note. Interest va anount available under the line of eredit in $27.0 illion at the bank's prine rate. ped the prine rate of 13% was payable at maturity. discounted at isscance at a 12t discount rate. 31 Recorded any secessary adjusting entry(s) 2019 Sept. 1 Paid the commercial paper at maturity. int rint ences Prepare the appropriate journal entries through the maturity of each tiability 2018 and 2019. (If no entry is required for a Required: 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 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 $27.0 million at the bank's prime rate. Prev 10f 5111 Next>