Record each of the  transactions in general journal form, and then show the effect of the transaction in a horizontal statement model.

a.	Made $29,400 of services on account.
b.	Collected $17,500 in cash in accounts receivable.
C.	He paid $4,400 in cash upfront for an insurance policy.
d.	He paid $570 in accounts payable.
e.	Recorded the adjusting entry to recognize $3,700 of insurance expense.
F.	You recorded the adjusting entry to recognize earned interest income of $300.
g.	Received $9,500 cash for services to be performed at a later date.
H.	Land purchased for $1,560 in cash.
i.	Purchased supplies for $1,800 in cash.

Required

Record each of the above transactions in general journal form, and then show the effect of the transaction in a horizontal statement model. The first transaction is shown as an example. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Transaction	account titles	Debit	Credit
a	accounts receivable	29,400
	Service revenues		29,400

Show the effect of the transaction in a model of horizontal statements. The first transaction is shown as an example. (In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash, and NA to indicate that the item is not affected by the (Enter any decrease in account balances with a minus sign.)

asset	Passives	equity	revenue	bills	grand income	cash flow statement