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a. Performed $8.200 of services on account b. Collected $5.600 cash on accounts receivable c. Paid $1,450 cash in advance for an insurance policy d.

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a. Performed $8.200 of services on account b. Collected $5.600 cash on accounts receivable c. Paid $1,450 cash in advance for an insurance policy d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1,600 cash for services to be performed at a later date. g. Purchased land for $9,000 cash h. Purchased supplies for $350 cash Required Record each of the preceding transactions in general journal form and then show the effect of the transaction in a horizontat statements model. The first transaction is shown as an example. Transaction Account Title Debit Credit Accounts receivable 8,200 Service revenue 8,200 Answer is not complete Complete this question by entering your answers in the tabs below. General Honzontal 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.) Show less Balance Sheet Income Statement + . 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 o to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) Show less Balance Sheet Income Statement Statement of Cash Transaction Assets = Liabilities Stk. Revenue Net Equity Expenses Flows Income 8,200 8.200 8,200 8.200 b 5.600- (5,600) - 1.450 (1,450) d (400) = (400) (300) 1.800 1,600+ 9 9.000 (9,000) - 350 (350) - Total 9.100 1.200 8.200 8.200 8.200 0 C . h . . 0

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