A company has a fiscal year-end of December 31: (1) on October 1, $25,000 was paid for a one-year fire insurance policy: (2) on Ju 30 the company advanced its chief financial officer $23,000: principal and interest at 5% on the note are due in one year; and (3) equipment costing $73,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $14,600 per y Prepare the necessary adjusting entries at December 31 for each of the above items. (If no entry is required for a transaction/eve select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 On October 1, $25,000 was paid for a one-year fire insurance policy. Note: Enter debits before credits, Transaction General Journal Debit Credit