The following transactions occurred during 2021 for the Beehive Honey Corporation: Feb. 1 Borrowed $16,000 from a bank and signed a note. Principal and interest at 9% will be paid on January 31, 2022. Apr. 1 Paid $4,400 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $3,200 on account. The company records supplies purchased in an asset account. At the year-end on December 31, 2021, supplies costing $1,450 remained on hand. Nov. 1 A customer borrowed $7,200 and signed a note requiring the customer to pay principal and 7% interest on April 30, 2022.
Required:
1. Record each transaction in general journal form.
2. Prepare any necessary adjusting entries at the year-end on December 31, 2021. No adjusting entries were recorded during the year for any item.

Answers

Answer 1

Answer: See explanation

Explanation:

Journal entry simply has to do with the recording of transactions in an accounting book which signifies the debit and credit balances of the company.

For the adjusting entries:

On Dec 31:

Interest expense:

= 16000 × 9% × 11/12

= 1320

Prepaid insurance

= 4400/24 × 9

= 1650

Check the attached file for further explanation.

The Following Transactions Occurred During 2021 For The Beehive Honey Corporation: Feb. 1 Borrowed $16,000

Related Questions

Which of the following is an ecologist most likely to study?

Answers

there most likely to study about the environmental systems.

They study Environmental systemssss

Bacteria that feed off of food in the human gut and provide essential nutrients to their host are an example of

Answers

Answer:

mutualism

Explanation:

They both are beneficial towards one another

you're welcome hope I helped

which theory states that homo sapiens began in a single geographical area and spread out from there?

a. out of africa theory
b. tectonic theory
c. multi-regional theory

Answers

Answer:

The out of Africa theory states that Homo sapiens began in a single geographical area and spread out from there.

Explanation:

A is correct because the ''out of Africa theory'' suggests that the Homo sapiens began as a species in Africa and from there it gradually spread out on the other continents across the world.

B is not correct because the ''tectonic theory'' is a theory that has nothing to do with the Homo sapiens species, but it is a theory about the movement of tectonic plates.

C is not correct because the multi-regional theory suggests that the Homo sapiens evolved into multiple regions simultaneously, not in one region only.

China's economy is growing very quickly and requires a large amount of energy. Most of the energy consumed by the country comes from a nonrenewable energy source. Which of the following is a nonrenewable energy source?
A
coal

B
hydroelectric

C
solar

D
wind

Fun fact ; I made this sentence while brushing my teeth , you can tell with how this sentence is lowercased and multiple typos

Answers

I’m pretty sure it c

Answer:

A non-renewable source of energy is coal.

Explanation:

The mineral coal is a brown or black rock, of sedimentary origin, that comes from organic matter, so it is considered a fossil fuel.

Currently, coal is used as an energy source, since its combustion produces a great amount of heat. However, the speed with which coal is consumed is faster than its production —which can last millions of years— so it is considered a depletable or non-renewable energy source.

The other options, such as hydroelectric, solar and wind energy are renewable energy sources.

Guys please help.I don’t have much time

Answers

I’m pretty sure the answer is the second one

Each eye has its own objective in the dissecting microscope so that 3D objects can be seen as 3D, whereas the compound microscope has two oculars, but only one objective for both eyes. 3. Compound Microscopes have greater magnifications, but lower resolutions than the Dissecting microscopes.

Is this true or false
The process of change during an organism's life that results in a more complex organism is called growth.

Answers

Answer:

true

Explanation:

when a raw, shell-less egg was placed in sugar solution the egg shrank the egg was brought back to its original size by placing it it water which process does the experiment demonstrate

Answers

Answer:

A: osmosis. The egg first expanded because it was placed in a hypertonic solution (sugar water), causing the water to exit the egg to balance the higher concentration of solute outside of the egg. Placing it in fresh water creates a hypotonic environment, thereby causing water to rush back in.

Explanation:

What side do the vesicles enter in the Golgi apparatus?
A)the skinny side
B)the fat side
C)cis face
D)trans face

Answers

Answer: unusually large vesicles are found on the trans side of the Golgi apparatus, which faces the plasma membrane domain where secretion occurs.

Explanation:

What is another word for macromolecules?

Answers

Answer:

There are several other words:

Explanation:

lipid, sugar, protein, carbohydrate, etc. You can choose whichever one you want, it doesn't matter.

calculate the average number of moose killed by one wolf in each territory

Answers

Answer:

where are the territories

Explanation:

If you place a red blood cell in a solution and it swells, this means that: (Choose all correct answers)

the solution was hypertonic to the inside of the cell
the concentration of water was lower inside of the cell than outside
the concentration of water was higher inside of the cell than outside
the solution was hypotonic to the inside of the cell
the osmolarity of the solution was lower than inside the cell
the osmolarity of the solution was higher than inside the cell

Answers

Answer:

The solution would be HYPOTONIC. The concentration of water is higher inside the cell

Explanation:

Hypertonic: cell shrink

Isotonic: cell will stay the same

Hypotonic: cell will swell

Which of these is NOT a characteristic of life?

ability to reproduce

oxygen usage

an organism consists of cells

use of energy and metabolic processes

Answers

i believe it’s oxygen use

Which event is caused by gravity

Answers

Answer:

things falling. Elaborate on your question

Explanation:

Weight

Weight is caused by gravity

Which kind of belly button is considered normal? * 1

innie

outie

Answers

Usually. people consider "innies" normal. since most people have them.

Answer: innie

Explanation:

Some steps in cell division are shown below:

1. Haploid chromosomes condense
2. Number of chromosomes are reduced to half
3. Chromosomes move to the equatorial plane between the poles
4. Centromeres separate and the sister chromatids are pulled apart to opposite poles by the spindle

Which of the following steps is most likely to occur during meiosis 2 only?
Step 1
Step 2
Step 3
Step 4

Answers

Step 3 is most likely to occur during meiosis

Answer:

Step 2

Explanation:

TRUE or FALSE: When an enzyme becomes non-functional as a result of
a change in its environment, it is denatured. *
O True
O False

Answers

i think that’s it’s true

Ecosystem services
Define regulating services in your own words

Define providing services in your own words

Answers

Answer:

it is a service that is responsible for enforcing laws relating to environmental health,trading standard,licensing and planning enforcement.

Providing services means to directly or indirectly own,manage,controls or be employed or engaged by,p participate in,etc

Which climate favors mechanical weathering?
O dry climate
O cold climate
O warm climate
O desert climate

Answers

Answer:

cold climate

Explanation:

Cold climates favor mechanical weathering. Chemical reactions occur faster at higher temperatures.

HOPE THIS HELP YOU!! :)))))

To which planet do scientists compare Kepler-10b?

Answers

Answer:

Earth

Explanation:

i hope this helps

When making yogurt, bacteria and milk are mixed together and set in a warm area. The container is sealed and no gasses are allowed to enter the container. After 24 hours the container is opened, and there is still no gas. Upon tasting the mixture there is a tart flavor. What type of respiration were the bacteria most likely carrying out?

A.
photosynthesis

B.
alcoholic fermentation

C.
lactic acid fermentation

D.
aerobic cellular respiration

Answers

Answer:

When making yogurt the tart flavor get in the end is more likely because the bacteria have carried out a type of respiration named lactic acid fermentation (option C).

Explanation:

The process of obtaining yogurt from whole milk involves the association of the bacterial species Streptococcus and Lactobacillus. In order to carry out the lactic acid fermentation that produces yogurt, the bacteria act in a different way:

Streptococcus is in charge of removing the oxygen from the milk product.Lactobacillus promotes the conversion of lactose sugar into lactic acid.

This fermentation process leads to the conversion of milk into a coagulated and tart flavor product.

Other options are not correct because:

A. Photosynthesis : is the process that occurs in plants to obtain chemical energy from sunlight.

B. Alcoholic fermentation: in this chemical process alcohol is obtained from the fermentation of a sugar.

D. Aerobic cellular respiration: does not involve fermentation, but the series of processes that convert glucose into energy.

which of the following is true about nucleic acids

Answers

Answer:

b. is the answer

Explanation:

Both DNA and RNA are both nucleic acids

What is a possible result of an increased amount of CO2 in the atmosphere?

Answers

Answer:

There are no options to this question, however, it can be answered using general knowledge. The answer is GLOBAL WARMING

Explanation:

Carbon dioxide, commonly called CO2, is one of the gaseous constituent of air. It is considered to be the most important greenhouse gas i.e. gases that have the ability to trap heat from the surrounding atmosphere. Due to this ability, CO2 in addition to other gases like methane are known to contribute to a phenomenon called GLOBAL WARMING.

GLOBAL WARMING is an increase in the atmospheric temperature of the Earth due to the effect of greenhouse gases. Global warming is a concern for the world populace, hence, an increase in the concentration of gases like CO2 in the atmosphere will lead to GLOBAL WARMING (an increase in Earth's atmospheric temperature).

What do we use when changing units from one form to another?

Answers

Answer:

Fractions

Explanation:

1. Write the conversion as a fraction (that equals one)

2. Multiply it out (leaving all units in the answer)

3. Cancel any units that are both top and bottom.

WILL BE MARKED BRAINLIEST AND PLUS 12 POINTS

Which detail from the passage best explain why plants photosynthesize?

Answers

Answer:

Explanation:

I am pretty sure that is the answer

Answer:

Explanation:

Is bacteria a living thing

Answers

Answer:

Yes

Explanation:

"Bacteria (singular: bacterium) are a major group of living organisms. Most are microscopic and unicellular, with a relatively simple cell structure lacking a cell nucleus, and organelles such as mitochondria and chloroplasts.Bacteria are the most abundant of all organisms."

Answer: Yes, bacteria is a living thing

Explanation:

The following table describes five molecules that belong to the same class.

Molecule Function
Hemoglobin transports oxygen in the blood
Amylase an enzyme that breaks down starch
Immunoglobulin an antibody produced in response to an invading particle
Collagen the main structural component of connective tissues
Aquaporin transports water in and out of the cell

Which class of biomolecule do the molecules in the table belong to?

Answers

Answer:C. Proteins

Explanation:

Just had this question and got it right !

Which of the following is NOT a force?
Newton
Gravity
Friction
Inertia

Answers

Answer:

Newton I'm 90% sure

Explanation:

I think

What can cause
carrying capacity to
change?

Answers

Answer:

Population size decreases above carrying capacity due to a range of factors depending on the species concerned, but can include insufficient space, food supply, or sunlight. The carrying capacity of an environment may vary for different species.

Explanation:

While food and water supply, habitat space, and competition with other species are some of the limiting factors affecting the carrying capacity of a given environment, in human populations, other variables such as sanitation, diseases, and medical care are also at play

evaprotion is controlled by what in a plant

Answers

Answer:

Transpiration is the process of water loss from plants through stomata.

Explanation:

In most plants, transpiration is a passive process largely controlled by the humidity of the atmospheric and the moisture content of the soil.

How many bases does one molecule of tRNA read at one time?

Answers

Answer:Each tRNA has a distinct anticodon triplet sequence that can form 3 complementary base pairs to one or more codons for an amino acid.

Explanation:

Other Questions

Identify the slope and intercept of the following linear equation.y=3/7x-5A. Slope: 3/7; intercept: 5B. Slope: 3/7; intercept: -5C. Slope: 5; intercept: 3/7D. Slope: -5; intercept: 3/7 What is the role of decomposers in the ecosystem? Two car rental companies charge an initial rental fee plus a fee per day. The table shows the total costs of renting a car for x days fromDiscount Car Rentals. The total costy (in dollars) of renting a car for x days from Pay Less Rentals is represented by the equationy=25x + 170. Which rental company charges less per day? How many days must you rent a car for the total costs to be the same? Natalia is good at drumming, dancing, and tasks that require precise rhythm judgment. Which part of her brain is likely to be well developed? PLEASE HURRY Which mutation results in the production of molecules that can be used as a source of energy?a mutation that causes bacteria to fight off antibioticsa mutation that breaks down the sugar in milk, lactosea mutation that changes the color of a part of a flower - Mrs. Aguilar is at the 25th floor of a building. She went 4 floors up to submit herreports. Then she went 6 floors down to attend a meeting. At which floor is themeeting?A) 15thB) 23rdC) 29thD) 35th PLEASE ANSWER QUICKLY what is the ratio of cats to fish? Please help with this coin problem, include an explanation pleaasee! Thank you what is the distance between 1/3 and 1/2 where else can you observe colorful light emisiions? are these emission applications related? Except for helium, all the elements in the last column of the periodic table havevalence electrons.0 70 8 O 18 n 9/4= 2n 7/9 please add work Briniest pls help!!!!!!!!!! Explain why the person place and time of the recording can affect the value of a source to a historian Dominic spent $8 on a book. He made $6 doing chores for a neighbor. What numbers represent the situations?0 -8 and -6O-8 and 6O 8 and -6O 8 and 6Hurry plz! Hamzah the fantastic, hot or nah? DONT DO A RANDOM ANSWER OR ILL REPORT, ILL GIVE BRAINLIEST AND ALOT OF POINTS IF YOU SAY THE CORRECT ONE!! students who enjoy completing worksheets with specific directions are likely to be what kind of thinkers? 14. On March 1 Tessa Obee deposited her IRS refund check for $9,364.85 in a savings account at State Bank. The account pays 4 percent interest calculated on a daily basis. Five days later on March 6 she withdrew $1,000.00. On March 18, 12 days later, she withdrew $2,000.00. On March 28, 10 days later, she withdrew another $2,000.00. Three days later on March 31 interest was computed. How much simple interest did her money earn? In the painting School of Athens, why do you think Raphael chose to paint himself standing among the Greek philosopher, and to Paint some Greek philosopher to resemble his contemporaries Bramante and Leonardo da Vinci? Using complete sentences, explain the differences between a command economy and a market economy. What type of economic system is created when these two systems are combined? What are the benefits of combining these two systems?