Performed $20,200 of services on account. Collected $18,500 cash on accounts receivable. Paid $4,700 cash in advance for an insurance policy. Paid $1,480 on accounts payable. Recorded the adjusting entry to recognize $4,000 of insurance expense. Received $9,000 cash for services to be performed at a later date. Purchased land for $1,670 cash. Purchased supplies for $600 cash. Required Record each of the above transactions in a horizontal statements model. The first transaction is shown as an example