For each of the following transactions of Woods Inc., identify the account to be debited and the account to be credited.

Transaction		Debit		Credit
1. Purchased 18-month insurance policy for cash.		enter an account title		enter an account title
2. Paid weekly payroll.		enter an account title		enter an account title
3. Purchased supplies on account.		enter an account title		enter an account title
4. Received utility bill to be paid at later date.		enter an account title		enter an account title