A company has a fiscal year-end of December 31: (1) on October 1, $30,000 was paid for a one-year fire insurance policy; (2) on June 30 the company advanced its chief financial officer $28,000; principal and interest at 6% on the note are due in one year; and (3) equipment costing $78,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $15,600 per year. Prepare the necessary adjusting entries at December 31 for each of the above items. Assume no adjusting entries were made prior to December 31st. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)