Required: a Acquired a three-year fire insurance policy for $5,600 on September 1, 20X1. (If no entry is required for a transaction/event, sel "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the acquisition of the three-year insurance policy in 20X1. Note Enter debits before credits. Date September 01 General Journal Debit Credit b. Ordered new furniture for the city council meeting room on September 17, 20X1, at an estimated cost of $15,700. The furniture was delivered on October 1, its actual cost was $15.100, its estimated life is 10 years, and it has no residual value (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the encumbrances for the purchase orders of the new furniture in 2001. Note: Enter debits before credits Date September 17 General Journal Debit Credit < 1 2 3 Record the reverse reserve for the furniture received in 20X1. Note: Enter debits before credits. Date October 01 General Journal Debit Credit < 1 2 3 Record the receipt of the furniture at the actual cost in 20X1. Note: Enter debits before credits. Date October 01 General Journal Debit Credit c. Acquired supplies on November 4, 20X1, for $2,100 Iron City uses the consumption method of accounting Supplies on hand on December 31, 20X1, were $1,170. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 Record the acquisition of supplies in 20X1. Note: Enter debits before credits. Date November General Journal Debit Credit < 2 3 Record the entry to recognize the ending inventory of supplies in 20X1. Note: Enter debits before credits. Date December 31 General Journal Debit Credit < 1 2 3 4 Record the entry to establish the fund reserve for the ending inventory in 20X1. Note: Enter debits before credits. Date December 31 General Journal Debit Credit >