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a . Performed $ 2 3 , 8 0 0 of services on account. b . Collected $ 1 8 , 4 0 0 cash
a Performed $ of services on account.
b Collected $ cash on accounts receivable.
c Paid $ cash in advance for an insurance policy.
d Paid $ on accounts payable.
e Recorded the adjusting entry to recognize $ of insurance expense.
f Received $ cash for services to be performed at a later date.
g Purchased land for $ cash.
h Purchased supplies for $ cash.
Required
Record each of the preceding transactions in general journal form and then show the effect of the transaction in a horizonta statements model. The first transaction is shown as an example.
tableTransactionAccount Title,Debit,CreditaAccounts receivable,Service revenue,,
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General
Horizontal
Journal
Statements
Model
Record each of the preceding transactions in general journal form. If no entry is required for a transactionevent select No journ entry required" in the first account field.
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