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 lent its chief financial officer $23,000: principal and interest at 5% are due in one year, and (3) equipment costing $73,000 was purchased at the beginning of the year for cash. Prepare journal entries for each of the above transactions. (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 On October 1, $25,000 was paid for a one-year fire insurance policy Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet