10. The company recorded the insurance expense for the year. 11. The interest on the note payable was recorded. 12. 13. || The equipment was estimated to have a useful life of five years and a residual value of $10,320. The company uses the straight-line method of depreciation. On December 20, 2024, the company's board declared dividends of $13,300 to be paid on January 20, 2025. (a) Prepare journal entries for each of the transactions and adjustments listed in the problem. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Debit Credit 2. ENG