What are the accounts and amounts debited


Problem: Date Transaction 3 02/01/2024 Pay Phoenix Insurance $1,200 for 6 months of liability insurance using the company VISA credit card. Add Phoenix Insurance as a new Vendor. Record full amount as 5035 Liability Insurance Expense. What are the Accounts and Amounts Debited? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. What are the Accounts and Amounts Credited? Note: Answer this question in the table shown below. Round your answer to 2 decimal places.

 

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Accounting Basics: What are the accounts and amounts debited
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