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Consider the following transactions for Huskies Insurance Company: 1. Income taxes for the year total $44,000 but won't be paid until next April 15 .

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Consider the following transactions for Huskies Insurance Company: 1. Income taxes for the year total $44,000 but won't be paid until next April 15 . 2. On June 30, the company lent its chief financial officer \$52,000; principal and interest at 7% are due in one year. 3. On October 1 , the company received $12,400 from a customer for a one-year property insurance policy. Deferred Revenue w credited on October 1. Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31 . No adjusting entries v 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.) Journal entry worksheet Income taxes for the year total $44,000 but won't be paid until next April 15 . Record the adjusting entry for income taxes at its year-end of December 31 . Note: Enter debits before credits. Journal entry worksheet On June 30 , the company lent its chief financial officer $52,000; principal and interest at 7% are due in one year. Record the adjusting entry for interest at its year-end of December 31 . Note: Enter debits before credits. Journal entry worksheet On October 1 , the company received $12,400 from a customer for a one-year property insurance policy. Deferred Revenue was credited on October 1. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits

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