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a. Performed $23,700 of services on account. b. Collected $21,000 cash on accounts recelvable, c. Paid $4,200 cash in advance for an insurance policy. d.

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a. Performed $23,700 of services on account. b. Collected $21,000 cash on accounts recelvable, c. Paid $4,200 cash in advance for an insurance policy. d. Pald $870 on accounts payable. e. Recorded the adjusting entry to recognize $3,900 of insurance expense. f. Recelved $7,300 cash for services to be performed at a later date. 9. Purchased land for $1,010 cash. h. Purchased supplies for $1,200 cash. Required Record each of the above transactions in general journal form and then show the effect of the transaction in a horizontid statements model. The first transaction is shown as an example. Complete this question by entering your answers in the tabs below. Record each of the above transactions in general journal form. (If no entry is required for a transaction/event, select 'No journal entry required" in the first account fleld.) Journal entry worksheet Collected $21,000 cash on accounts recelvable. Note: Enter debits belore credits. required" In the first account field.) Journal entry worksheet 567 Paid $4,200 cash in advance for an insurance policy. Notet Enter debits before credits. Journal entry worksheet Journal entry worksheet Recorded the adjusting entry to recognize $3,900 of insurance expense. Notei Enter debits before credits: required" in the first account field.) Journal entry worksheet Recelved $7,300 cash for services to be performed at a later date. Note: Enter debyts before credits. Journal entry worksheet Journal entry worksheet Show the effect of the tramsaction in o horizontal statements medel, The fist tansaction is shown as an example: (Enter any decreases to ackount balances and cash outfows with a minus sign. In the Statement of Casit Fiows column, use Oof to designate eperating activity, in for investreent actirin, FA for finaring activity, and NC for net change in cash, Not all cella regulre inp(t) a. Performed $23,700 of services on account. b. Collected $21,000 cash on accounts recelvable, c. Paid $4,200 cash in advance for an insurance policy. d. Pald $870 on accounts payable. e. Recorded the adjusting entry to recognize $3,900 of insurance expense. f. Recelved $7,300 cash for services to be performed at a later date. 9. Purchased land for $1,010 cash. h. Purchased supplies for $1,200 cash. Required Record each of the above transactions in general journal form and then show the effect of the transaction in a horizontid statements model. The first transaction is shown as an example. Complete this question by entering your answers in the tabs below. Record each of the above transactions in general journal form. (If no entry is required for a transaction/event, select 'No journal entry required" in the first account fleld.) Journal entry worksheet Collected $21,000 cash on accounts recelvable. Note: Enter debits belore credits. required" In the first account field.) Journal entry worksheet 567 Paid $4,200 cash in advance for an insurance policy. Notet Enter debits before credits. Journal entry worksheet Journal entry worksheet Recorded the adjusting entry to recognize $3,900 of insurance expense. Notei Enter debits before credits: required" in the first account field.) Journal entry worksheet Recelved $7,300 cash for services to be performed at a later date. Note: Enter debyts before credits. Journal entry worksheet Journal entry worksheet Show the effect of the tramsaction in o horizontal statements medel, The fist tansaction is shown as an example: (Enter any decreases to ackount balances and cash outfows with a minus sign. In the Statement of Casit Fiows column, use Oof to designate eperating activity, in for investreent actirin, FA for finaring activity, and NC for net change in cash, Not all cella regulre inp(t)

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