The following transactions occurred during 2024 for the Beehive Honey Corporation: February 1 Borrowed $18,000 from a bank and signed a note. Principal and interest at 10% will be paid on January 31, 2025. April 1 Paid $4,800 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $3,400 on account. At the year-end on December 31, 2024, supplies costing $1,550 remained on hand. November 1 A customer borrowed $7,800 and signed a note requiring the customer to pay principal and 8% interest on April 30, 2025. Required: 1. Record each transaction in general journal form. 2. Prepare any necessary adjusting entries at the year-end on December 31, 2024. No adjusting entries were recorded during the year for any item. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required Required 1 2 Record each transaction in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Date 1 February 01, Cash Notes payable 2 3 General Journal April 01, 2024 Prepaid insurance Cash July 17, 2024 Supplies Accounts payable 4 November 01 Notes receivable Cash < Required 1 Required 2 > Show less Debit 18,000 Credit 18,000 4,800 4,800 3,300 3,300X 7,500X 7,500X Required Required 1 2 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. No Date General Journal 1 December 31 Interest expense Interest payable 2 December 31 Insurance expense Prepaid insurance 3 December 31 Supplies expense Supplies 4 December 31 Insurance expense Interest revenue < Required 1 Required 2 > Show less Debit Credit 1,650 1,650 1,800 1,800 1,850 1,850 104 104