Exercise 3-8A Record year-end adjusting entries (LO3-3) Consider the following transactions for Huskies Insurance Company 1. Equipment costing $30,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,100 per year. 2. On June 30, the company lends its chief financial officer $31,000; principal and interest at 7% are due in one year. 3. On October 1, the company receives $8,400 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 Journal entry worksheet 1 2 3 > Equipment costing $30,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,100 per year. Record the adjusting entry for depreciation at its year-end of December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal . Equipment costing $30,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,100 per year. Record the adjusting entry for depreciation at its year-end of December 31. 2 On June 30, the company lends its chief financial officer $31,000; principal and interest at 7% are due in one year. Record the adjusting entry for interest at its year- end of December 31. 3 On October 1, the company receives $8,400 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31