Spring 2018 Chapter #3 instructions I help Question 2 (of 16) | save & Exit 11 Submit value 10.00 points Consider the following transactions for Huskies Insurance Company a. Equipment costing $34,800 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,800 per year b. On June 30, the company lends its chief financial officer $38,000; principal and interest at 6% are due in one year c. On October 1, the company receives $11,200 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field View journal entry worksheot View transactlon list General Journal Debit Credit No Transaction 5,800 Depreciation expense 5,800 Accumulated depreciation b. Interest receivable Interest revenue Deferred revenue Service revenue