Exercise 3-14A (Algo) Recording events in the general journal and identifying their effect on financial statements LO 3.2 a. Performed $25,100 of services on account. b. Collected $15,500 cash on accounts receivable. c. Paid $5,400 cash in advance for an insurance policy. d. Paid $600 on accounts payable. e. Recorded the adjusting entry to recognize $3,900 of insurance expense. f. Received $10,600 cash for services to be performed at a later date. g. Purchased land for $1,280 cash. h. Purchased supplies for $900 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. Record each of the preceding transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet