A provider of health insurance received payment of $24.000 cash from a customer for insurance coverage for the next two years. Recording the receipt of this cash will require which of the following? O a. A liabitity to be debited, an asset to be credited O b. An asset to be debited, capital to be credited. O c. An asset to be debited, a liabiity to be creited Od. Withdrawals to be debited.an asset to be credited

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A provider of health insurance received payment of $24,000 cash from a customer for insurance coverage for
the next two years. Recording the receipt of this cash will require which of the following?
O a. A liabiity to be debited, an asset to be credited
Ob An asset to be debited, capital to be credited
Oc. An asset to be debited, a liability to be credited
Od. Withdrawals to be debited. an asset to be credted
Hel
10:06 AN
11/3/202
POCOPHONE
SHOT ON POCOPHONE F1
Transcribed Image Text:A provider of health insurance received payment of $24,000 cash from a customer for insurance coverage for the next two years. Recording the receipt of this cash will require which of the following? O a. A liabiity to be debited, an asset to be credited Ob An asset to be debited, capital to be credited Oc. An asset to be debited, a liability to be credited Od. Withdrawals to be debited. an asset to be credted Hel 10:06 AN 11/3/202 POCOPHONE SHOT ON POCOPHONE F1
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