The following transactions occurred during $2024$ for the Beehive Honey Corporation:

February $1$ Borrowed $$12,000$ from a bank and signed a note. Principal and interest at $16\%$ will be paid on January $31,2025.$

April $1$ Paid $$3,60$ to an insurance company for a two$-$year fire insurance policy.

July $17$ Purchased supplies costing $$2,890$ on account. At the year$-$end on December $31,2924,$ supplies costing $$1,250$ remained on

hand.

November $1$ A customer borrowed $$6,90$ and signed a note requiring the customer to pay principal and $8\%$ interest on April $30,2025.$

Requlred:

Record each transaction in general journal form.

Prepare any necessary adjusting entries at the year$-$end on December $31,2024.$ No adjusting entries were recorded during the year

for any item.

Complete this question by entering your answers in the tabs below.

Prepare any necessary adjusting entries at the year$-$end on December $31,2024.$ No adjusting entries were recorded during the year for

any item.

Note: 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.

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