Consider the following transactions for Huskies Insurance Company: Equipment costing $36,000 is purc

Consider the following transactions for Huskies Insurance Company:

Equipment costing $36,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,000 per year.

On June 30, the company lends its chief financial officer $40,000; principal and interest at 6% are due in one year.

On October 1, the company receives $12,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited.

Date General Journal Debit Credit December 31