Performed $25,700 of services on account.

1. Collected $15,600 cash on accounts receivable.
2. Paid $4,300 cash in advance for an insurance policy.
3. Paid $1,350 on accounts payable.
4. Recorded the adjusting entry to recognize $3,300 of insurance expense.
5. Received $11,200 cash for services to be performed at a later date.
6. Purchased land for $900 cash.
7. Purchased supplies for $1,500 cash.Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example.(Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) based on all this information can we correct this chart

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ Transaction } & \multicolumn{5}{|c|}{ Balance Sheet } & \multicolumn{5}{|c|}{ Income Statement } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Statement of Cash Flows }} \\ \hline & Assets & = & Liabilities & + & Stk. Equity & Revenue & - & Expenses & = & Net Income & & \\ \hline a. & 25,700 & = & & + & 25,700 & 25,700 & - & & = & 25,700 & & \\ \hline \multirow[t]{2}{*}{ b. } & 15,600 & = & (15,600) & + & & & - & & = & & 15,600 & OA \\ \hline & & = & & + & & & - & & = & & & P \\ \hline \multirow[t]{2}{*}{ c. } & (4,300) & = & & + & & & - & & = & & (4,300) & IA \\ \hline & & = & & + & & & - & & = & & & P \\ \hline d. & (1,350) & = & 1,350 & + & & & - & & = & & (1,350) & OA \\ \hline e. & (3,300) & = & 3,300 & + & & & - & (3,300) & = & 3,300 & & P \\ \hline f. & 11,200 & = & (11,200) & + & & 11,200 & - & & = & & & P \\ \hline \multirow[t]{2}{*}{ g. } & 900 & = & & + & 900 & & - & & = & & (900) & AA \\ \hline & & = & & + & & & - & & = & & & 7 \\ \hline \multirow[t]{2}{*}{ h. } & & = & & + & & & - & & 1= & & & F \\ \hline & 1,500 & = & & + & & & - & & = & & (1,500) & OA \\ \hline Total & 45,950 & = & (22,150) & + & 26,600 & 36,900 & - & (3,300) & = & 29,000 & 7,550 & \\ \hline \end{tabular}