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Check my work a. Performed $8,200 of services on account b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the adjusting entry to recognize $300 of insurance expense. f. Received $1.600 cash for services to be performed at a later date. 9. Purchased land for $9.000 cash. h. Purchased supplies for $350 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 Revunts receivable 3.200 Service revenue 3,200 Complete this question by entering your answers in the tabs below. General Horizontal Journal Statements Model 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 O to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) Balance Sheet Income Statement Transaction Statement of Cash Flows Assets Liabilities + stk. Equity Revenue Expenses - Net Income 8.200 - 8,200 8.200 8,200 b 5,600 5.500 TOA mil Complete this question by entering your answers in the tabs below. General Horizontal Statements Journal Model Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. (Enter any decreases to account bal 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 finar activity, and NC for net change in cash. Not all cells require input.) Balance Sheet Transaction Assets Llabilities Statoment of Cash Flows Stk. Equity Revenue 8.200 8,200 Income Statement Expenses - Not Income 8.200 b. 5,600 FOA C (1.450) FOA d. (400) (400) OA e, 8.2005 5,600 (5,600) = (1,450) = 1.450 (400) (300) 1,600 (9,000) 9,000 (350) - 3501 9,100 = (300) 300 (300) f 1,600 1,600 IOA (9.000) IA 9 h. (350)(OA Total 1,200 7900 8.200 3001 7.900 (4,000)