Journal Entry Worksheet

Connect Demos Sie ne Homework Served 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 chlef 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. Of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fleld. Do not round Intermediate calculations.) View transaction list Journal entry worksheet 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. Note: Enter debit before credits Debit Credit Date General Journal December 31 Deferred Revenue Prepaid insurance MacBook Air 090 000 54 * FS F7 F8 FO @ A $ 4 2 3 % 5 & 7 6 8 8 9