ABC Company must record a journal entry at year end that debits Utilities Payable and credits Cash ABC Company must record a journal entry at year end that debits Utilities Payable and credits Utilities Expense no adjustment is required at year end; the bill will be recorded when it is paid on Jan 8 ABC Company must record a journal entry at year end that debits Utilities Expense and credits Utilities Payable ABC Company must record a journal entry at year end that debits Utilities Expense and credits Cash