6 of 8 (0 complete)> Score: 0 of 15 pts P3-34A (similar to) Carter Fishing Charters has collected the following datafor the December 31 adjusting entries (Click the icon to view the data.) Read the requirements -x Requirement 1. Journalize the adjusting entries needed on December 31 for Carter Fishing Charters. Assume Carter records adjusting More Info st line a. The company received its electric bill on December 20 for $230 but will not pay it until January 5. (Use the Utilities Payable account.) Date Accounts and Explanation Debit Credit a. The company received its electric bill on December 20 for $230 but will not pay it until January 5. (Use the Utlities Payable account) b. Carter purchased a six-month boat insurance policy on November 1 for $7,200. Carter recorded a debit to Prepaid Insurance. (a) Dec. 31 c. As of December 31, Carter had earned $1,500 of charter revenue that has not been recorded or received d. Carter's fishing boat was purchased on January 1 at a cost of S75,500. Carter expects to use the boat for ten years and that it will have a residual value of $5,500. Determine annual depreciation assuming the straight-line depreciation method is used. e. On October 1, Carter received $9,000 prepayment for a deep-sea fishing charter to take place in December. As of December 31, Carter has completed the charter Print Done Choose from any list or enter any number in the input fields and then click Check