Business, 09.10.2019 03:00 nmartin5185

Acompany has a fiscal year-end of december 31: (1) on october 1, $21,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $19,000; principal and interest at 5% are due in one year; and (3) equipment costing $69,000 was purchased at the beginning of the year for cash. depreciation on the equipment is $13,800 per year. prepare the necessary adjusting entries at december 31 for each of the above items.

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Acompany has a fiscal year-end of december 31: (1) on october 1, $21,000 was paid for a one-year fi...

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