The following transactions occurred during 2024 for the Beehive Honey Corporation: February 1 Borrowed $30,000 from a bank and signed a note. Principal and interest at 8% will be paid on January 31, 2025. April 1 Paid $7,200 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $4,600 on account. At the year-end on December 31, 2024, supplies costing $2,150 remained on hand. November 1 A customer borrowed $7,200 and signed a note requiring the customer to pay principal and 6% 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.