a. Performed $27,100 of services on account. b. Collected $22,700 cash on accounts receivable. c. Paid $5,000 cash in advance for an insurance policy. d. Paid $900 on accounts payable. e. Recorded the adjusting entry to recognize $3,400 of insurance expense. f. Received $6,500 cash for services to be performed at a later date. g. Purchased land for $1,570 cash. h. Purchased supplies for $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 Accounts receivable Service revenue Debit Credit 27,100 27,100 Complete this question by entering your answers in the tabs below. General Journal Horizontal 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 a. b 27,100 22,700 27,100 27,100 Net Income 27.100 Statement of Cash Flow OA Total C d 0. f 9 h. 49.800 0+ 27,100 27,100 0- 27,100