a. Performed $30,000 of services on account. b. Collected $20,900 cash on accounts receivable. c. Paid $4,300 cash in advance for an insurance policy d. Paid $1,260 on accounts payable. e. Recorded the adjusting entry to recognize $3,400 of insurance expense f. Received $9,200 cash for services to be performed at a later date. g. Purchased land for $1,980 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. Debit 30,000 Account Titles Transaction Credit Accounts receivable a Service revenue 30,000 Complete this question by entering your answers in the tabs below. Horizontal Statements Model General Journal 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 a ccount field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit b 1 No Transaction Recorded General Journal Horizontal Statements Model a. Performed $30,000 of services on account. b. Collected $20,900 cash on accounts receivable. c. Paid $4,300 cash in advance for an insurance policy. d. Paid $1,260 on accounts payable. e. Recorded the adjusting entry to recognize $3,400 of insurance expense f. Received $9,200 cash for services to be performed at a later date g. Purchased land for $1,980 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 Account Titles Debit Credit Accounts 30,000 a receivable Service revenue 30,000 Complete this question by entering your answers in the tabs below. General Horizon... Journal Statem... Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. Enter any decreases to account balances with a minus sign.) Net Income Statement of Cash Flow Transaction Assets = Liabilities+Equity Revenue- Expenses +30,000 30,000 NA 30,000 30,000 a. b. + - + = = + C. = + = + - = e. f. + = + = = + - h. + 30,000 Total 030,000 30,000 30,000 0 Horizontal Statements Model General Journal