(solution) indicate the accounts that will be debited and credited when the adjusting entries

(solution) indicate the accounts that will be debited and credited when the adjusting entries

1 indicate the accounts that will be debited and credited when the adjusting entries are made at the end of the month. On February 1, an insurance company receives a premium of $4,000 cash from another company in an agreement to provide insurance of $1,000 each month for the next four months, beginning in February. Think from the insurance company’s perspective.2.indicate the accounts that will be debited and credited when the adjusting entries are made at the end of the month. A company provides tutoring services to customers during two weeks in April. Customers pay cash in April.