please explain the math part thank you :)

The following transactions occurred during 2016 for the Beehive Honey Corporation: Feb. 1 Borrowed $29,000 from a bank and signed a note. Principal and interest at 12% will be paid on January 31, 2017 Apr. 1 Paid $7,000 to an insurance company for a two-year fire insurance policy July 17 Purchased supplies costing $4, 500 on account. The company records supplies purchased in an asset account. At the December 31, 2016, year-end, supplies costing $2, 100 remained on hand. Nov. 1 A customer borrowed $6, 900 and signed a note requiring the customer to pay principal and 10% interest on April 30, 2017. Record each transaction in general journal form. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prepare any necessary adjusting entries at the December 31, 2016, year-end, No adjusting entries were recorded during the year for any item