For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Green Company paid $1,500 cash for a one-year insurance policy in advance. Which two accounts are affected? Choose one What kind of accounts are they? Choose one Do the account balances Increase or decrease? Increase Decrease Increase Decrease Do we debitor credit the accounts? Debit Credit Debit Credit X 5 2 For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Green Company paid $1,500 cash for a one-year insurance policy in advance. Which two accounts are affected? Choose one What kind of accounts are they? Choose one Do the account balances Increase or decrease? Increase Decrease Increase Decrease Do we debitor credit the accounts? Debit Credit Debit Credit X 5 2