Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate completion. 2 The following transactions occurred during 2021 for the Beehive Honey Corporation: Feb. 1 Borrowed $30,000 from a bank and signed a note. Principal and interest at 8X will be paid on January 31, 2022. Apr. 1 Paid $7,200 to an insurance company for a two-year fire insurance policy. 118 July 17 Purchased supplies costing $4,600 on account. The company records supplies purchased in an asset account. At the year-end on December 31, 2021, supplies costing $2, 150 remained on hand. points Nov. 1 A customer borrowed $7,200 and signed a note requiring the customer to pay principal and 6% interest on April 30, 2022. Required: 1. Record each transaction In general journal form. 2. Prepare any necessary adjusting entries at the year-end on December 31, 2021. No adjusting entries were recorded during the year for any Item. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any necessary adjusting entries at the year-end on December 31, 2021. No adjusting entries were recorded during the year for any item. (Do not round Intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal entry required" In the first account field.) No Date General Journal Debit Credit 1 Dec 31, 2021 Interest expense O 27.600 Interest payable 27.600 2 Dec 31, 2021 Insurance expense O 3,600 x Prepaid Insurance 3,600 3 Dec 31, 2021 Supplies expense 2,450 Supplies 2.450 4 Dec 31, 2021 Interest receivable O 6.768 Interest revenue 6,768