Homework: Chapter 03 Homework b Score: 1.67 of 2 pts & P3-34A (similar to) Watson Fishing Charters has collected the following data for the December 31 adjusting entries Click the icon to view the data.) c. As of December 31, Watson had earned $3.500 of charter revenue that has not been recorded or received Date Accounts and Explanation Debit (c) Dec. 31 Choose from any list or enter any number in the input fields and then cick Check Answer Clear All parts remaining 1 of 3 (1 complete) HW Scone i More Info win a. The company received its electric bill on December 20 for $175 but will not pay 1 b. Watson purchased a six-month boat insurance policy on Novenber 1 for c. As of December 31, Watson had earned $3,500 of charter revenue that has not d. Watson's fishing boat was purchased on January 1 at a cost of $38,500. it until January 5. (Use the Utilities Payable account) $5,400. Watson recorded a debit to Prepaid Insurance. been recorded or received. 00 d d E Watson expects to use the boat for ten years and that it will have a residual value of $3,500 Determine annual depreciation assuming the straight-line depreciation method is used. a On Octnhar 1 IMatcon raraivad s8 5n0 nranaumant for a doan-coa fichina e i Print Done