A company has a fiscal year-end of December 31: () on October 1, $12,000 was paid for a one-year fire insurance policy: (2) on June 30 the company advanced its chief financial officer $10,000; principal and interest of 6% on the note are due in one year, and (3) equipment costing $60,000 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 1 Journal entry worksheet A company has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy: (2) on June 30 the company advanced its chief financial officer $10,000; principal and interest at 6% on the note are due in one year, and (3) equipment costing $60,000 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 2 3 > On June 30 the company advanced its chief financial officer $10,000, principal and interest at 6% are due in one year. Note: Enter debits before credits General Journal Transaction 2 Debit Credit Record entry Clear entry View general Journal A company has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy: (2) on June 30 the company advanced its chief financial officer $10,000; principal and interest at 6% on the note are due in one year, and (3) equipment costing $60,000 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 ist look Journal entry worksheet