Chapter 18 Happy Hospital test your knowledge. I need help with some transactions. I do not know which accounts to debit and which accounts to credit.

1. HHL pays in cash for a 2-year malpractice insurance premium at a cost of $5 million. One-half of the premium is for the next year, and the other is for the following year.
2. HHL workers earned $259 million in wages for the year. The hospital paid out $282 million in cash. It also paid out $60 million in benefits, all in cash.
3. $370,500,000 from bills sent to patients was received in cash.
4. HHL paid out $51 million in long-term debt principal and $3 million of interest in cash.