1 Prepare the journal for each of the following fransactions for a company that has a fiscal year-end of December 31: pre\ 1 On October

1,$12,000

was paid for a one-year fire insurance policy.\ 2 On June 30 the company loaned its chief financial officeer

$10,000

.\ 3 Principal and interest at

6%

on the note are due in one year ve te lat\ 4 Equipment costing

$60,000

was purchased at the beginning of the year for cash.

1 Prepare the journal for each of the following fransactions for a company that has a fiscal year-end of December 31: pre 1 On October 1,$12,000 was paid for a one-year fire insurance policy. 2 On June 30 the company loaned its chief financial officeer $10,000. 3 Principal and interest at 6% on the note are due in one year te te les 4 Equipment costing $60,000 was purchased at the beginning of the year for cash