Brief Exercise 2-11 (Algo) Adjusting entries [LO2-6] A company has a fiscal year-end of December 3t: (1) on October 1, $19,000 was paid for a one-year fire insurance policy: (2) on June 30 the company loaned its chief financial officer \$17,000; principal and interest at 7% on the note are due in one year; and (3) equipment costing $67,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $13,400 per year. Prepare the necessary adjusting entries at December 31 for each of the above items. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Journal entry worksheet On October 1,$19,000 was paid for a one-year fire insurance policy. Prepare the necessary adjusting entry on December 31 Note: Enter debits before credas