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 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 Credit Account Titles Accounts receivable Service revenue Debit 8,200 8,200 & Answer is not complete. Transaction Assets = Liabilities + Equity Revenue Expenses II Net Income Statement of Cash Flow a. = + 8,200 8,200 = 8,200 b. = + 5,600 OA = + = II C. = + = II = + 8,200 5,600 (5,600) 1,450 (1,450) (400) (300) 1,600 9,000 (9,000) 350 (1,450) (400) d. = (400) + = e. + (300) 300 II (300) f. = 1,600 + = II 1,600 OA g. + = II = + = (9,000) IA h. = + = II = Il + = OA (350) 9,100 (350) (4,000) Total = 1,200 + 7,900 8,200 300 = 7,900