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a. Performed $24,900 of services on account. b. Collected $15,000 cash on accounts receivable. c. Paid $5,700 cash in advance for an insurance policy.

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a. Performed $24,900 of services on account. b. Collected $15,000 cash on accounts receivable. c. Paid $5,700 cash in advance for an insurance policy. d. Paid $1,120 on accounts payable. e. Recorded the adjusting entry to recognize $3,000 of Insurance expense. f. Received $11,600 cash for services to be performed at a later date. g. Purchased land for $1,360 cash, h. Purchased supplies for $1,300 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 24,900 24,900 Complete this question by entering your answers in the tabs below. General Journal Horizontal Statements Model 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 field.) Vew transaction let Journal entry worksheet < 1 2 3 4 5 7 Collected $15,000 cash on accounts receivable. Note: Enter debits behare Transaction General Journal Debit Creat Record entry Clear entry View general journal Horizontal Statements Model >>

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