Question: a . Performed $ 2 1 , 3 0 0 of services on account. b . Collected $ 1 7 , 4 0 0 cash
a Performed $ of services on account.
b Collected $ cash on accounts receivable.
c Paid $ cash in advance for an insurance policy.
d Paid $ on accounts payable.
e Recorded the adjusting entry to recognize $ of insurance expense.
f Received $ cash for services to be performed at a later date.
g Purchased land for $ cash.
h Purchased supplies for $ 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.
tableTransactionAccount Title,Debit,CreditaAccounts receivable,
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Complete this question by entering your answers in the tabs below.JournalHorizontalModel
Show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example.
Note: 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, and FA for financing activity. Not all cells require input.
tableTransactionBalance Sheet,Income Statement,
tableStatement of CashFlowsAssetsLiabilities,tableStockholdersRevenue,Expenses,tableNetabOAbtimes times OAtimes ccdefgghhTotalNCNC Net change in
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