1. identify each account as an asset (a), liability (l), or equity (e). 2. identify whether the account is increased with a debit (dr) or credit (cr). 3. identify whether the normal balance is a debit (dr) or credit (cr).

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?