Consider the following transactions for Huskies Insurance Company a. Equipment costing $42.000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7.000 per year b. On June 30, the company lends its chief financial officer $50,000: principal and interest at 7% are due in one year. c. On October 1, the company receives $16,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited Required: For each items, 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.) View transaction list Journal entry worksheet 1 2 3 Record the adjusting entry for depreciation. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry View general Journal Clear entry eztomheduca ( S o uth seartie cologo- Home Timermatore value 0.83 points Consider the following transactions for Huskies Insurance Company a. Equipment costing $42.000 is purchased at the beginning of the year for cash Depreciation on the equi b. On June 30, the company lends its chief financial officer $50.000: principal and interest at 7% are due in c. On October 1, the company receives $15,000 from a customer for a one-year property insurance policy Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31.I transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet