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Consider the following transactions for Huskles insurance Company: 1. Equipment costing $39,000 is purchased at the beginning of the year for cash. Depreciation on the

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Consider the following transactions for Huskles insurance Company: 1. Equipment costing $39,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,500 per year. 2. On June 30 , the company lends its chier financlal officer $45.000; principal and interest at 5% are due in one yeat. 3. On October 1 , the company receives $14,000 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 3t. 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 intermedlate calculations.) Journal entry worksheet Equipment costing $39,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,500 per year. Record the adjusting entry for depreciation at its year-end of December 31. Notes thier debats betare credits

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