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Consider the following transactions for Huskies Insurance Company a. Equipment costing $31,200 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,200 per year. b. On June 30, the company lends its chief financial officer $32,000, principal and interest at 6% are due in one year c. On October 1, the company receives $8,800 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31. No adjusting entries were made during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation Note: Enter debits before credits. Transaction General Journal DebitCredit