a. Performed $21,800 of services on account. b. Collected $18,100 cash on accounts receivable. c. Paid $5,500 cash in advance for an insurance policy. d. Paid $1,420 on accounts payable. e. Recorded the adjusting entry to recognize $3,400 of insurance expense. f. Received $8,200 cash for services to be performed at a later date. g. Purchased land for $1,310 cash. h. Purchased supplies for $1,700 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 Credit Account Titles Accounts receivable Service revenue Debit 21, 800 a 21, 800 Complete this question by entering your answers in the tabs below. General Journal Horizontal Statements Model Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. (In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances with a minus sign.) Transaction Assets Liabilities + Equity Revenue Expenses Net Income Statement of Cash Flows a. + 21,800 21,800 21,800 b. 21,800 18,100/= (5,500) (18,100) + - + C. + + d. + e. + f. + g. + + h. + Total 34,400/= (18,100)| + 21,800 21,800 0= 21,800