Homework: Week 3 - Chapter 03 problems HW Score: 21.8 score: 0.09 or 1 pt 2of5 (2complete P3-34A (similar to) Wilson Fishing Charters has collected the following data for the December 31 adjusting entries (Click the icon to view the data) Read the reauirements Requirement 1. Journalize the adustng entries needed on December 31 for Wilson Fishing Charters. Assume Wilison records adjusting entries only at t Record debits first, then credits. Select the explanation on the last line of the journal entry table) a. The company received ts electric bill on December 20 for $375 but will not pay it unti January 5 Use the Ullities Payable account) Credit Debit Date Accounts and Explanation 375 (a) Dec: 31Utsities Expense 375 Utilities Payable To accrue utilities expense b. wison purchased a nine-month boat insurance policy on November 1 for $1.800. Wilson recorded a debit to Prepaid Insurance. Debit Credit Date Accounts and Explanation b) Dec 31