The following transactions occurred during 2 0 2 4 for the Beehive Honey Corporation: February 1 Borrowed
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Question:
The following transactions occurred during for the Beehive Honey Corporation:
February Borrowed $ from a bank and signed a note. Principal and interest at will be paid on January
April Paid $ to an insurance company for a twoyear fire insurance policy.
July Purchased supplies costing $ on account. At the yearend on December supplies costing $ remained on hand.
November A customer borrowed $ and signed a note requiring the customer to pay principal and interest on April
Required:
Record each transaction in general journal form.
Prepare any necessary adjusting entries at the yearend on December No adjusting entries were recorded during the year for any item.
Please do all required
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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