This Question: 20 pts Carter Fishing Charters has collected the following data for the December 31 adjusting entries: (Click the icon to view the data.) Read the requirements. Requirement 1. Journalize the adjusting entries needed on December 31 for Carter Fishing Charters. Assume Carter records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 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.) Date (a) Dec. 31 Accounts and Explanation Debit Credit b. Carter purchased a three-month boat insurance policy on November 1 for $1,500. Carter recorded a debit to Prepaid Insurance. Choose from any list or enter any number in the input fields and then continue to the next question. esc B A 11 Aa shing Charters has collected the following data for the December 31 adjusting entries: kthe e req More Info - X men adjus ne jou compa e acco ate 31 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. Carter purchased a three-month boat insurance policy on November 1 for $1,500. Carter recorded a debit to Prepaid Insurance. c. As of December 31, Carter had earned $4,000 of charter revenue that has not been recorded or received. d. Carter's fishing boat was purchased on January 1 at a cost of $60,500. Carter expects to use the boat for five years and that it will have a residual value of $5,500. Determine annual depreciation assuming the straight-line depreciation method is used. e. On October 1, Carter received $4,000 prepayment for a deep-sea fishing charter to take place in December. As of December 31, Carter has completed the charter. ume In on e Uti rter pur ance. Print Done se from any list or enter any number in the input fields and then continue to the next question. A DEC 11 it to Pr Aa