The directions say "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. Begin by completing the table for adjustment a and then transactions b through e."

Head the requirements To record revenue that was collected in advance ox Requet. Henderson had recorded the which speciwgory of accounts on the brand tem b a nd i Begin by completing the table for adjustment and the actions through More Info Specific Category of Specific Category Adjusting Accounts on the Over! of Accounts on the Over Balance Sheet Understand Income Statement Undert The company received its electric bill on December 20 for 3 buwie pay until January 5 Use the Pa c count) dan purchased o n ce policy to 3500 Henderson recorded a d e ad . As of December 31 Henderson had d 000 of charter that has not been recorded or received Choose from any drop down list and then click Check Answer Henderson's sing boat was purchased on January at a cost of 2 500 Henderson expects to use the boat for five years and that it will have residual value 2500 Du ne annual decision the 4 mg sraigne depreciation method is used 4 Type here to search TOSHIBA More Info or unde a. The company received its electric bill on December 20 for $350 but will not pay it until January 5. (Use the Utilities Payable account.) b. Henderson purchased a nine-month boat insurance policy on November 1 for $3,600. Henderson recorded a debit to Prepaid Insurance c. As of December 31, Henderson had earned $5,000 of charter revenue that has not been recorded or received d. Henderson's fishing boat was purchased on January 1 at a cost of $32.500. Henderson expects to use the boat for five years and that it will have a residual value of $2.500. Determine annual depreciation assuming the straight-line depreciation method is used e. 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 Check Print | Done PRTSC PAU