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Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $36,600 is purchased at the beginning of the year for cash. Depreciation on the

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Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $36,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,100 per year. 2. On June 30, the company lends its chief financial officer $41,000; principal and interest at 7% are due in one year 3. On October 1, the company receives $12,400 from a customer for a one-year property insurance policy. Deferred Revenue is credited Required: For each item record the necessary adjusting entry for Huskies Insurance at its year-end of December 31. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet

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