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The first picture Henderson fishing charters has collected data for the December 31 adjusting Entries: The top photo is the data the second is the

The first picture
Henderson fishing charters has collected data for the December 31 adjusting Entries:
The top photo is the data the second is the requirement for the problem the bottom is the problem itself
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
a. The company received its electric bill on December 20 for $375 but will not pay it until January 5. (Use the Utilities Payable account.) b. Henderson purchased a three-month boat insurance policy on November 1 for $600. Henderson recorded a debit to Prepaid Insurance. c. As of December 31, Henderson had earned $4,000 of charter revenue that has not been recorded or received. d. Henderson' s fishing boat was purchased on January 1 at a cost of $72,500. Henderson expects to use the boat for ten years and that it will have a residual value of $2,500. Determine annual depreciation assuming the straight -ine depreciation method is used. On October 1, Henderson received $7,500 prepayment for a deep-sea fishing charter to take place in December. As of December 31, Henderson has completed the charter e

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