a. Performed $25,400 of services on account b. Collected $21.500 cash on accounts receivable c. Paid $5,100 cash in advance for an insurance policy. d. Paid $660 on accounts payable. e. Recorded the adjusting entry to recognize $3.200 of insurance expense. t. Received $5,500 cash for services to be performed at a later date. 9. Purchased land for $890 cash h. Purchased supplies for $1.500 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 Debit Credit Accounts receivable 25,400 Service revenue 25,400 Complete this question by entering your answers in the tabs below. General Horizontal Journal Statements Model Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example (Enter y decreases to accountances and cash outfiows with a minus sign. In the Statement of Cash Fions column, use OA to designate operating actity. TA for investment activity, for tracing activity and NC for net change in cash Not all ceils require input) General Horizontal Statements Journal 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.) View transaction list Journal entry worksheet 2 3 4 5 1 B 7 Collected $21,500 cash on accounts recevable. Note: Enter debits before credits Transaction General Journal Dobit Credit b General Horizontal Journal Statements Model Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. (Enter any decreases to account balances and cash outflows with a minus sign. 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. Not all cells require input.) Balance Sheet Income Statement Transaction Statement of Cash Flows Assets Liabilities + stk. Equity Revenue Expenses - Not Income a 25.400 25,400 25,400 25.400 b. c d 1. 9 + Total General Journal