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Consider the following transactions for Huskies Insurance Company: Equipment costing $ 3 3 , 6 0 0 is purchased at the beginning of the year
Consider the following transactions for Huskies Insurance Company:
Equipment costing $ is purchased at the beginning of the year for cash. Depreciation on the equipment is $ per year.
On June the company lends its chief financial officer $; principal and interest at are due in one year.
On October the company receives $ from a customer for a oneyear property insurance policy. Deferred Revenue is credited.
eBook Required:
For each item, record the necessary adjusting entry for Huskies Insurance at its yearend of December No adjusting entries were
Hint
Print made during the year. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Do not round intermediate calculations.
References
Journal entry worksheet
Equipment costing $ is purchased at the beginning of the year for cash.
Depreciation on the equipment is $ per year. Record the adjusting entry for depreciation at its yearend of December
Note: Enter debits before credits.
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