Exercise 13-14A (Algo) Recording events in the general journal and identifying their effect on financial statements LO 132 a. Performed $29.400 of services on account b. Collected $20,000 cash on accounts recelvable. c. Paid $5,300 cash in advance for an insurance policy. d. Paid $1,060 on accounts payable. e. Recorded the adjusting entry to recognize $3,600 of insurance expense f. Recelved $6,800 cash for services to be performed at a later date. g. Purchased land for $1,340 cash. h. Purchased supplies for $500 cash. Record each of the above transactions in general joumal form and then show the effect of the transaction in a horizontal statements Required 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 generai joumal form. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account finld Record each of the above transactions in general journal form. Journal entry worksheet Exercise 13-14A (Algo) Recording events in the general journal statements LO 13-2 a. Performed $29,400 of services on account. b. Collected $20,000 cash on accounts receivable. c. Paid $5,300 cash in advance for an insurance policy. d. Paid $1,060 on accounts payable. e. Recorded the adjusting entry to recognize $3,600 of insurance expense. f. Received $6,800 cash for services to be performed at a later date. g. Purchased land for $1,340 cash. h. Purchased supplies for $500 cash. Required Record each of the above transactions in general journal form and then show the model. The first transaction is shown as an example. Complete this question by entering your answers in the tabs below. Journal entry worksheet Journal entry worksheet 56 Paid $5,300 cash in advance for an insurance policy. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. Note: Enter ary decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows ablumn. uge ol ab designahe ooera activity, tA for imvestment activity. FA for financing activity, and NC for net change in cash. Not all celis requlre input Exercise 13-14A (Algo) Recording events in the general journal and identifying their effect on financial statements LO 132 a. Performed $29.400 of services on account b. Collected $20,000 cash on accounts recelvable. c. Paid $5,300 cash in advance for an insurance policy. d. Paid $1,060 on accounts payable. e. Recorded the adjusting entry to recognize $3,600 of insurance expense f. Recelved $6,800 cash for services to be performed at a later date. g. Purchased land for $1,340 cash. h. Purchased supplies for $500 cash. Record each of the above transactions in general joumal form and then show the effect of the transaction in a horizontal statements Required 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 generai joumal form. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account finld Record each of the above transactions in general journal form. Journal entry worksheet Exercise 13-14A (Algo) Recording events in the general journal statements LO 13-2 a. Performed $29,400 of services on account. b. Collected $20,000 cash on accounts receivable. c. Paid $5,300 cash in advance for an insurance policy. d. Paid $1,060 on accounts payable. e. Recorded the adjusting entry to recognize $3,600 of insurance expense. f. Received $6,800 cash for services to be performed at a later date. g. Purchased land for $1,340 cash. h. Purchased supplies for $500 cash. Required Record each of the above transactions in general journal form and then show the model. The first transaction is shown as an example. Complete this question by entering your answers in the tabs below. Journal entry worksheet Journal entry worksheet 56 Paid $5,300 cash in advance for an insurance policy. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. Note: Enter ary decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows ablumn. uge ol ab designahe ooera activity, tA for imvestment activity. FA for financing activity, and NC for net change in cash. Not all celis requlre input
