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heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepro Trustmark Swimcloud a Amazon Quillbot Budgeting TicketMaster ment for 9-6-2022 i Saved Beyond LIVE w Weverse Makestar MyMusicTaste Choice Musi A company has
heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepro Trustmark Swimcloud a Amazon Quillbot Budgeting TicketMaster ment for 9-6-2022 i Saved Beyond LIVE w Weverse Makestar MyMusicTaste Choice Musi A company has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy; (2) on June 30 the company loaned its chief financial officer $10,000; principal and interest at 6% on the note are due in one year; and (3) equipment costing $60,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $12,000 per year. Prepare the necessary adjusting entries at December 31 for each of the above items. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Transaction General Journal 1 1 Insurance expense Prepaid insurance 2 2 Interest receivable Interest revenue 3 3 Depreciation expense Accumulated depreciation Debit Credit 3,000 3,000 300 300 12,000 12,000 Hel
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