ADCON
Explanation: ADCON, which stands for Administrative Control, is a type of command authority under the army responsible for administration and support functions. It is not a war fighting authority, like tactical control, or operational control. It is normally exercised over personnel and other elements that ensure successful mission completion.
A. Dr Interest expense $5,000
Cr Interest payable $5,000
B. Dr Utilities expense $360
Cr Utilities payable$360
Explanation:
A. Preparation of the Journal entry to Record the interest accrued at year-end.
Dec 31
Dr Interest expense $5,000
Cr Interest payable $5,000
($60,000 principal ร .10 rate ร 10 months/12 months = $5,000)
(To record interest accrued at year-end)
B. Preparation of the Journal entry to Record the utilities incurred at year-end.
Dec 31
Dr Utilities expense $360
Cr Utilities payable$360
(To record utilities incurred at year-end)