Consider the following transactions for Huskies Insurance Company:

1. Equipment costing $37,800 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,300 per year.

2. On June 30, the company lends its chief financial officer $43,000; principal and interest at 6% are due in one year.

3. On October 1, the company receives $13,200 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.)

Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $37,800 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,300 per year. 2. On June 30, the company lends its chief financial officer $43,000; principal and interest at 6% are due in one year. 3. On October 1, the company receives $13,200 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 View journal entry worksheet No Date General Journal Debit Credit 1 December 31 6,000 Depreciation Expense Accumulated Depreciation 6,000 2 December 31 Interest Receivable Interest Revenue December 31 Deferred Revenue Service Revenue