Saved Exercise 3-14A Recording events in the general journal and identifying their effect on financial statements LO 3-2 a. Performed $28.400 of services on account b. Collected $19,000 cash on accounts receivable, c. Paid $4,100 cash in advance for an insurance policy d. Paid $650 on accounts payable. e. Recorded the adjusting entry to recognize $3,500 of insurance expense, 4. Received $9.500 cash for services to be performed at a later date. g. Purchased land for $860 cash h. Purchased supplies for $600 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, Transaction a Account Titles Accounts receivable Service revenue Debit 28,400 Credit 20,400 Complete this question by entering your answers in the tabs below. General Horizontal Journal Statements Mode Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an examel General Horizontal Statements Journal Model Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. (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. Enter any decreases to account balances with a minus sign.) Transaction Liabilities Statement of Cash Flow Assets 28.400 = Equity 28.400 Revenue 28.400 Expenses - Net Income 28 400 + b. C + + 28.400 03 28.400 28.400 28.400 = Total