a. Performed $20,700 of services on account. b. Collected $17,700 cash on accounts receivable. c. Paid $4,500 cash in advance for an insurance policy. d. Paid $910 on accounts payable. e. Recorded the adjusting entry to recognize $3,100 of insurance expense. f. Received $12,000 cash for services to be performed at a later date. g. Purchased land for $1,380 cash. h. Purchased supplies for $1,600 cash. Required Record each of the above transactions in general journal form and then show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. Transaction a Account Titles Accounts receivable Service revenue Debit Credit 20,700 20,700