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Consider the following transactions for Huskies Insurance Company: Income taxes for...

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Accounting

Consider the following transactions for Huskies Insurance Company:
Income taxes for the year total $52,000 but wont be paid until next April 15.
On June 30, the company lent its chief financial officer $60,000; principal and interest at 6% are due in one year.
On October 1, the company received $15,600 from a customer for a one-year property insurance policy. Deferred Revenue was credited on October 1.

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