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The first picture Henderson fishing charters has collected data for the December 31 adjusting...

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Accounting

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
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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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