Performed $22,400 of services on account. Collected $15,800 cash on accounts receivable. Paid $5,500 cash in advance for an insurance policy. Paid $730 on accounts payable. Recorded the adjusting entry to recognize $3,500 of insurance expense. Received $6,800 cash for services to be performed at a later date. Purchased land for $1,740 cash. Purchased supplies for $1,400 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. Transaction Account Title Debit Credit a Accounts receivable 22,400 Service revenue 22,400

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.)