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 June 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 year. Prepare the necessary adjusting entries at December 31 for each of the above items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet On October 1, \$25,000 was paid for a one-year fire insurance policy. Note: Enter debita before credits. Journal entry worksheet Equipment costing $73,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $14,600 per year. Note: Enter debies before credits. Journal entry worksheet On June 30 the company lent its chief financial officer $23,000; principal and interest at 5% are due in one year. Note: Enter debits before credits