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Exercise 13-14A (Algo) Recording events in the general journal and identifying their effect on financial statements LO 13-2 a. Performed $25,500 of services on account.

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Exercise 13-14A (Algo) Recording events in the general journal and identifying their effect on financial statements LO 13-2 a. Performed $25,500 of services on account. b. Collected $20,200 cash on accounts recelvable. c. Paid $4,800 cash in advance for an insurance policy. d. Paid $1,190 on accounts payable. e. Recorded the adjusting entry to recognize $3.400 of insurance expense. f. Recelved $5,800 cash for services to be performed at a later date. g. Purchased land for $1,410 cash. h. Purchased supplies for $1,300 cash. Required Record each of the above transactions in general journal form and then show the effect of the transaction in a horizontal stotements: model. The first transaction is shown as an example. Complete this question by entering your answers in the tabs below. Record each of the above transactions in general journal form. (if no entiry is requ fed for a transaction/event, kikect "No journal entity Complete this question by entering your answers in the tabs below. Record each of the above transactions in general joumal farm, itf no entry is required for a transaction/event, seloct "Wo journal entiyi required" in the first account field.) Journal antry wnikehoat Complete this question by entering your answers in the tabs below. Show the effect of the transaction In a horizontal statements model. The first transaction is shown as an example. (Enter any decreases ta, account baiances and cash outflows with a minus sign, In the Statement of Cash Flows column, use OA to designate operating activity, la for investment activity, FA for finanong activity, and NC for net change in cash. Not all cells require input.)

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