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  3. the following transactions occurred during 2024 fo

The following transactions occurred during 2024 for the Beehive Honey Corporation: February 1 Borrowed \$13,00e...

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Accounting

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The following transactions occurred during 2024 for the Beehive Honey Corporation: February 1 Borrowed \$13,00e from a bank and signed a note. Principal and interest at 12x wi11 be paid on January 31 , 2925 . April 1 Paid $3,869 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $2,909 on account. At the year-end on Decenber 31,2024,5upp11, costing $1,300 renained on hand. Novenber 1 A customer borrowed $6,390 and signed a note requiring the customer to pay principal and 10x interest on April 39 , 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

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