What is the professional liability insurance paid in the past that provides for insurance coverage in the future? Is it Asset, Liability, Capital, Drawing, Revenue, or Expense?

What is dental fee you received in advance to provide dental care service in the future? Is it Asset, Liability, Capital, Drawing, Revenue, or Expense?

You sold $12,000 of computers on account. What is this type of revenue? Accrued, deferred, or cash basis revenue recognition? Journalize the transaction.

November 1, 2019

December 31, 2019

January 31, 2020.

Wages accrued since the last pay day, $600 (owed and to be paid on the next payday.) as of May 31, 2019. On June 7, 2019, total of $1,200 will be paid to the employees. Journalize the transaction on May 31, 2019 and June 7, 2019.

May 31, 2019

June 7, 2019

You borrowed $10,000 at 10% of annual interest rate from a bank on November 1, 2019 for three months. The due date for the principal and interest is January 31, 2020. Journalize the transaction on November 1, 2019, December 31, 2019, and January 31, 2020.

November 1, 2019

December 31, 2019

January 31, 2020.

You received $1,200 from your subscribers for the next 12 months on January 1, 2019. Journalize the transaction on January 1, 2019, May 31, 2019, and December 31, 2019.

January 1, 2019

May 31, 2019

December 31, 2019

On January 1, 2019, you paid $24,000 for your liability insurance for one year. Journalize the transaction on January 1, 2019 and June 30, 2019, and December 31, 2019.

January 1, 2019

June 30, 2019

December 31, 2019