a. Performed $27,100 of services on account. b. Collected $16,400 cash on accounts receivable. c. Paid $4,500 cash in advance for an insurance policy. d. Paid $760 on accounts payable. e. Recorded the adjusting entry to recognize $4,000 of insurance expense. f. Received $11,600 cash for services to be performed at a later date. g. Purchased land for $1,630 cash. h. Purchased supplies for $1,400 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 27,100 27,100 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 1 2 3 4 5 6 7 > Collected $16,400 cash on accounts receivable. Note: Enter debits before credits. Transaction b General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 2 3 4567 Paid $4,500 cash in advance for an insurance policy. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 6 7 Paid $760 on accounts payable. Note: Enter debits before credits. Transaction General Journal Debit Credit d Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 Recorded the adjusting entry to recognize $4,000 of insurance expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 5 6 7 Received $11,600 cash for services to be performed at a later date. Note: Enter debits before credits. Transaction f General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet > 1 2 3 4 5 Purchased land for $1,630 cash. 6 7 Note: Enter debits before credits. Transaction General Journal Debit Credit g Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 > Purchased supplies for $1,400 cash. Note: Enter debits before credits. Transaction h General Journal Debit Credit Record entry Clear entry View general journal