The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. 2024 January 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 $27.0 million at the bank's prime rate. February 1 Arranged a three-month bank loan of $6.2 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 13% was payable at maturity. Paid the 13% note at maturity. May 1 December 1 Supported by the credit line, issued $14.9 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 12% discount rate. December 31 Recorded any necessary adjusting entry(s). 2025 September 1 Paid the commercial paper at maturity. Required: Prepare the appropriate journal entries through the maturity of each liability. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. No 1 2 3 4 5 6 Date January 13, 2024 No joumal entry required February 01, 2024 Cash May 01, 2024 Answer is complete but not entirely correct. Notes payable Notes payable Interest expense Cash December 01, 202 Cash General Journal Discount on notes payable Notes payable December 31, 202 Interest expense Discount on notes payable September 01, 20 Interest expense potes pavable ♥ >>> ✔ ♥ ●● O ♥ 30 Debit 6,200,000 6,200,000 201,500 14,900,000 X 1,341,000 149,000 1,192,000 Credit 6,200,000 6,401,500 16,241,000 X 149,000 1102