Paid cash of $3.792 for a one-year insurance policy On June 1, purchased office equipment for $13,800 cash. It is being depreciated at $230 per month for 60 months On June 1, Logan signs a note payable for $11,600,6% interest. 5. Paid cash of $3.792 for a one-year insurance policy On June 1, purchased office equipment for $13,800 cash. It is being depreciated at $230 per month for 60 months On June 1, Logan signs a note payable for $11,600,6% interest. 5