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? A) Withdrawals to be debited, an asset to be credited B) A liability to be debited, an asset to be credited C) An asset to be debited, capital to be credited D) An asset to be debited, a liability to be credited E) One asset to be debited, another asset to be credited
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