Question: a . Performed $ 2 1 , 3 0 0 of services on account. b . Collected $ 1 7 , 4 0 0 cash

a. Performed $21,300 of services on account.
b. Collected $17,400 cash on accounts receivable.
c. Paid $5,300 cash in advance for an insurance policy.
d. Paid $600 on accounts payable.
e. Recorded the adjusting entry to recognize $3,200 of insurance expense.
f. Received $6,200 cash for services to be performed at a later date.
g. Purchased land for $1,820 cash.
h. Purchased supplies for $1,400 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.
\table[[Transaction,Account Title,Debit,Credit],[a,Accounts receivable,21,300,21,300]]
Answer is not complete.
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.
\table[[Transaction,Balance Sheet,Income Statement,{
\table[[Statement of Cash],[Flows]]}],[Assets,=,Liabilities,+,\table[[Stockholders']],Revenue,-,Expenses,=,\table[[Net]]],[a.,21,300,=,,+,21,300,21,300,-,,=,21,300,,,],[b.,17,400,=,,+,,,-,,=,,17,400,OA,(],[b.,(5,300)\times ,=,,+,,,-,,=,,(5,300)\times ,OA,\times ],[c.,,=,,+,,,-,,=,,,,],[c.,,=,,+,,,-,,=,,,,],[d.,,=,,+,,,-,,=,,,,],[e.,,=,,+,,,-,,=,,,,],[f.,,=,,+,,,-,,=,,,,],[g.,,=,,+,,,-,,=,,,,],[g.,,=,,+,,,-,,=,,,,],[h.,,=,,+,,,-,,=,,,,],[h.,,=,,+,,,-,,=,,,,],[Total,33,400,=,0,+,21,300,21,300,-,0,=,21,300,12,100,NC,],[NC = Net change in,,,,,,,,,,,,,]]
 a. Performed $21,300 of services on account. b. Collected $17,400 cash

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