Dillon Fishing Charters has collected the following data for the December 31 adjusting entries: K(Click the icon to view the data.) Read the requirements Requirement 1. Journalize the adjusting entries needed on December 31 for Dillon Fishing Charters. Assume Dillon records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. The company received its electric bill on December 20 for $325 but will not pay it until January 5. (Use the Utilities Payable account.) Date (a) Dec. 31 Accounts and Explanation Debit Credit