Johnson Company received and paid bill for insurance policy premium covering the next six months, $1,300.

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Which two accounts are affected? Choose oneAccounts PayableAccounts ReceivableAccumulated Depreciation, BuildingsAccumulated Depreciation, EquipmentAdvertising ExpenseBuildingsCapital StockCashDepreciation Expense, BuildingsDepreciation Expense, EquipmentDividendsEquipmentInsurance ExpenseInterest PayableInterest ExpenseLandPrepaid AdvertisingPrepaid InsurancePrepaid RentRent ExpenseRent RevenueRetained EarningsSalaries ExpenseSalaries PayableService RevenueSuppliesSupplies ExpenseUnearned Rent RevenueUtilities ExpenseUtilities PayableUnearned RevenueWages ExpenseWages PayableChoose oneAccounts PayableAccounts ReceivableAccumulated Depreciation, BuildingsAccumulated Depreciation, EquipmentAdvertising ExpenseBuildingsCapital StockCashDepreciation Expense, BuildingsDepreciation Expense, EquipmentDividendsEquipmentInsurance ExpenseInterest PayableInterest ExpenseLandPrepaid AdvertisingPrepaid InsurancePrepaid RentRent ExpenseRent RevenueRetained EarningsSalaries ExpenseSalaries PayableService RevenueSuppliesSupplies ExpenseUnearned Rent RevenueUtilities ExpenseUtilities PayableUnearned RevenueWages ExpenseWages Payable What kind of accounts are they? Choose oneAssetLiabilityStockholders' Equity (Capital Stock)Stockholders' Equity (Dividends)Stockholders' Equity (Revenue)Stockholders' Equity (Expense)Choose oneAssetLiabilityStockholders' Equity (Capital Stock)Stockholders' Equity (Dividends)Stockholders' Equity (Revenue)Stockholders' Equity (Expense) Do the account balances increase or decrease? Do we debit or credit the accounts?