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FOR THESE QUESTIONS CAN YOU CLEARLY WRITTEN SHOW ME THE ANSWER TO THE SOLUTION VERY CLEARLY WRITTEN PLEASE AND THANK YOU. a. Performed $24,300 of
FOR THESE QUESTIONS CAN YOU CLEARLY WRITTEN SHOW ME THE ANSWER TO THE SOLUTION VERY CLEARLY WRITTEN PLEASE AND THANK YOU.
a. Performed $24,300 of services on account. b. Collected $16,900 cash on accounts receivable. c. Paid $4,500 cash in advance for an insurance policy. d. Paid $1,090 on accounts payable e. Recorded the adjusting entry to recognize $3,300 of insurance expense. f. Received $5,200 cash for services to be performed at a later date. g. Purchased land for $1,680 cash. h. Purchased supplies for $600 cash. 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 Transaction Accounts receive the titles Account Titles Accounts receivable Service revenue Debit 24,300 Credit 24,300 General Journal Horizontal Statements Model Record each of the above transactions in general journal 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 2 3 4 5 6 Collected $16,900 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Paid $4,500 cash in advance for an insurance policy. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet
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