The following transactions occurred during 2016 for the Beehive Honey Corporation: Feb. 1 Borrowed $13,000 from a bank and signed a note. Principal and interest at 12% will be paid on January 31, 2017. Apr. 1 Paid $3,800 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $2,900 on account. The company records supplies purchased in an asset account. At the December 31, 2016, year-end, supplies costing $1,300 remained on hand. Nov. 1 A customer borrowed $6,300 and signed a note requiring the customer to pay principal and 10% interest on April 30, 2017. QUESTION 2) Prepare any necessary adjusting entries at the December 31, 2016, year-end. No adjusting entries were recorded during the year for any item