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a . Performed $ 8 , 2 0 0 of services on account. b . Collected $ 5 , 6 0 0 cash on accounts
a Performed $ of services on account.
b Collected $ cash on accounts receivable.
c Paid $ cash in advance for an insurance policy.
d Paid $ on accounts payable.
e Recorded the adjusting entry to recognize $ of insurance expense.
f Received $ cash for services to be performed at a later date.
g Purchased land for $ cash.
h Purchased supplies for $ cash.
Required
Record each of the preceding 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.
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 any decri
cash outflows with a minus sign. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment
activity, and NC for net change in cash. Not all cells require input.
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