The following transactions occurred during 2018 for the Beehive Honey Corporation Feb 1 Borrowed $31,000 from a bank and signed a note Principal and interest at 12 will be paid on January 31, 2019 Apr 1 Paid $7,400 to an insurance company for a two year fire insurance policy July 17 Purchased supplies costing $4,700 on account The company records supplies purchased in an asset account At the year end on December 31, 2018, supplies costing supplies costing $2,200 remained on hand Nov 1 A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10 interest on April 30, 2019 Required 1 Record each transaction in general journal form 2 Prepare any necessary adjusting entries at the year end on December 31, 2018 No adjusting entries were recorded during the year for any item Record each transaction in general journal form (If no entry is required for a transaction event, select No journal entry required in the first account field ) Borrowed $31,000 from a bank and signed a note Principal and interest at 12 will be paid on January 31, 2019 Date General Journal Debit Credit Feb 01, 2018 Paid $7,400 to an insurance company for a two year fire insurance policy Date General Journal Debit Credit Apr 01, 2018 Purchased supplies costing $4,700 on account The company records supplies purchased in an asset account At the December 31, 2018, year end, supplies costing $2,200 remained on hand Date General Journal Debit Credit Jul 17, 2018 A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10 interest on April 30, 2019 Date General Journal Debit Credit Nov 01, 2018 Prepare any necessary adjusting entries at the December 31, 2018, year end No adjusting entries were recorded during the year for any item (Do not round intermediate calculations If no entry is required for a transaction event, select No journal entry required in the first account field ) Borrowed $31,000 from a bank and signed a note Principal and interest at 12 will be paid on January 31, 2019 Date General Journal Debit Credit Dec 31, 2018 Paid $7,400 to an insurance company for a two year fire insurance policy On July 17, supplies were purchase for $4,700 and recorded in an asset account At December 31, year end, supplies costing $2,200 remained on hand A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10 interest on April 30, 2019

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The following transactions occurred during 2018 for the Beehive Honey Corporation: Feb. 1 Borrowed $31,000 from a bank and signed a note. Principal and interest

The following transactions occurred during 2018 for the Beehive Honey Corporation:

Feb.	1	Borrowed $31,000 from a bank and signed a note. Principal and interest at 12% will be paid on January 31, 2019.
Apr.	1	Paid $7,400 to an insurance company for a two-year fire insurance policy.
July	17	Purchased supplies costing $4,700 on account. The company records supplies purchased in an asset account. At the year-end on December 31, 2018, supplies costing supplies costing $2,200 remained on hand.
Nov.	1	A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10% interest on April 30, 2019.

Required: 1. Record each transaction in general journal form. 2. Prepare any necessary adjusting entries at the year-end on December 31, 2018. No adjusting entries were recorded during the year for any item.

Record each transaction in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Borrowed $31,000 from a bank and signed a note. Principal and interest at 12% will be paid on January 31, 2019.

Date	General Journal	Debit	Credit
Feb 01, 2018

Paid $7,400 to an insurance company for a two-year fire insurance policy.

Date	General Journal	Debit	Credit
Apr 01, 2018

Purchased supplies costing $4,700 on account. The company records supplies purchased in an asset account. At the December 31, 2018, year-end, supplies costing $2,200 remained on hand.

Date	General Journal	Debit	Credit
Jul 17, 2018

A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10% interest on April 30, 2019.

Date	General Journal	Debit	Credit
Nov 01, 2018

Prepare any necessary adjusting entries at the December 31, 2018, year-end. No adjusting entries were recorded during the year for any item. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Borrowed $31,000 from a bank and signed a note. Principal and interest at 12% will be paid on January 31, 2019.

Date	General Journal	Debit	Credit
Dec 31, 2018

Paid $7,400 to an insurance company for a two-year fire insurance policy.
On July 17, supplies were purchase for $4,700 and recorded in an asset account. At December 31, year-end, supplies costing $2,200 remained on hand.
A customer borrowed $7,500 and signed a note requiring the customer to pay principal and 10% interest on April 30, 2019.