a. Performed $24,300 of services on account b. Collected $23,100 cash on accounts receivable. c. Paid $5,700 cash in advance for an insurance policy. d. Paid $970 on accounts payable. e. Recorded the adjusting entry to recognize $4,000 of insurance expense. 1. Received $8,500 cash for services to be performed at a later date, 9. Purchased land for $1,050 cash. h. Purchased supplies for $1,800 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 Account Titles Credit Debit 24,300 Accounts receivable Service revenue 24, 300 Complete this question by entering your answers in the tabs below. Horizontal General Journal Statements Model Record each of the above transactions in general journal form. (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field.) complete this question by entering your answers in the tads DOW. General Horizontal Journal 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 24,300 24,300 24,300 24,300 b c 1 9 Total 24,300 0 24.300 24,300 O 24 300 0