Performed $28,000 of services on account.

Collected $22,100 cash on accounts receivable.

Paid $4,100 cash in advance for an insurance policy.

Paid $500 on accounts payable.

Recorded the adjusting entry to recognize $3,400 of insurance expense.

Received $9,700 cash for services to be performed at a later date.

Purchased land for $1,170 cash.

Purchased supplies for $500 cash.

Required 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.