i (Click the icon to view the data.) Read the reguirements Requirement 1. Journalize the adjusting entries needed on December 31 tor Henderson Fishing Charters. Assume Henderson records adjusting e 31 adjusting entries journal entry table.) received its electric bill on December 20 for $350 but will not pay it until January 5. (Use the Uilities Payable account) Date Accounts and Explanation Debit Credit (a) Dec 31 6 More Info a. The company rec t until January 5. b. Henderson purcha $3,600. Henderso 1 c. As of December 3, not been recorded d. Henderson's fishing Henderson expects value of $4,600. De metho e. On October 1, Hen charter to take plac completed the chart Cash paid for utilities in advance To record payment of accrued expense To accrue utilities expense 1. Journalize the adjusting entries needed on December 31 for Henderson Fishing Charters. Assume Henderson records adjusting entries only at the end of the year 2. If Henderson had not recorded the adjusting entries, indicate which specific category of accounts on the financial statements would be misstated and if the misstatement is overstated or understated. Choose from any i Print Done Clear All Henderson Fishing Charters has collected the folilowing data for the December 31 adjusting entries (Click the icon to view the data.) Read the requirements Requirement 1. Jounalize the adjusting entries needed on December 31 for Henderson Fishing Chanters. Assume Henderson journal entry table.) a. The company received its electric bill on December 20 for $350 but vil not pay t unil January S. (Use the Usites Payable account) Date Accounts and Explanation Debit Credit More Info (a) Dec. 31 Accounts Payable Accounts Receivable a The company received its electr t until January 5. (Use the Utiliti b. Henderson purchased a nine-m $3,600. Henderson recorded a d c. As of December 31, Henderson Boats Cash Depreciation Expense-Boat Insurance Expense Prepaid insurance Salaries Expense Salaries Payable Service Revenue Unearned Revenue Utilities Expense Utilities Payable not been recorded or received d. Henderson's fishing boat was pu Henderson expects to use the bo value of $4,600. Determine annun depreciation method is used 31 for Henderson g entries only at the end e. On October 1, Henderson receive charter to take place in December compleced the charter ndicate which specific ld be misstated and if the Print Choose from any l Print Done Clear All remaining acer er 31 adjusting entries or Henderson Fishing Charters. Assume Henderson records adjusting entries only at the end of the year. (Record debits frst, then credits. Select the e not pay it until January 5. (Use the Utilities Payable account) Debit Credit More Info a. The company received its electric bill on December 20 for $350 but vwall not pay b. Henderson purchased a nine-month boat insurance policy on November 1 for C. As of December 31, Henderson had earned 53,500 of charter revenue that has d. Henderson's fishing boat was purchased on January 1 at a cost of $54,600 it until January 5. (Use the Utilities Payable account.) $3,600. Henderson recorded a debit to Prepaid Insurance. not been recorded or received 31 for Henderson ng entries only at the end ndicate which specific Henderson expects to use the boat for ten years and that it will have a residual value of $4,600. Determine annual depreciation assuming the straight-line depreciation method is used On October 1, Henderson received $9,000 prepayment for a deep-sea fishing charter to take place in December. As of December 31, Henderson has completed the charter. e. be misstated and if the Print Done one Clear All