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Exercise 3-14A Recording events in the general journal and identifying their effect on financial statements LO 3-2 d a. Performed $28,400 of services on account.

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Exercise 3-14A Recording events in the general journal and identifying their effect on financial statements LO 3-2 d a. Performed $28,400 of services on account. b. Collected $19,000 cash on accounts receivable. c. Paid $4,100 cash in advance for an insurance policy d. Paid $660 on accounts payable. e. Recorded the adjusting entry to recognize $3,500 of insurance expense. f. Received $9,600 cash for services to be performed at a later date. g. Purchased land for $860 cash. h. Purchased supplies for $600 cash. A es the transaction in a horizontal statements Required Record each of the above transactions in general journal form and then show the effec model. The first transaction is shown as an example. Transaction Account Titles Debit Credit Accounts receivable 28,400 Service revenue 28,400 Complete this question by entering your answers in the tabs below. General Horizontal Journal Statements Model Record each of the above transactions in general lournal form. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Int Received $9,600 cash for services to be performed at a later date. sk onces Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal arch ORI GO View transaction list ints Skipped Journal entry worksheet Hint Purchased supplies for $600 cash. Ask ferences Note: Enter debits before credits. Transaction General Journal Debit Credit h Record entry Clear entry View general joumal

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