a$.$ Performed $$24,800$ of services on account.

b$.$ Collected $$21,400$ cash on accounts receivable.

c$.$ Paid $$5,200$ cash in advance for an insurance policy.

d$.$ Paid $$1,430$ on accounts payable.

e$.$ Recorded the adjusting entry to recognize $$3,400$ of insurance expense.

f$.$ Received $$10,100$ cash for services to be performed at a later date.

g$.$ Purchased land for $$1,260$ cash.

h$.$ Purchased supplies for $$1,600$ 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.

$\backslash$table$[[$Transaction$,$Account Title,Debit,Credit$],[$a$,$Accounts receivable,,$],[,$Service revenue,$24,800,],[,,24,800,]]$

Complete this question by entering your answers in the tabs below.

General

Horizontal

Journal

Statements

Model

Record each of the preceding transactions in general journal form.

Note: If no entry is required for a transaction or event, select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

Collected $$21,400$ cash on accounts receivable.

Note: Enter debits before credits.

$\backslash$table$[[$S$.$No$/$Date$,$Account Title,Debit,Credit$],[$b$,,,],[,,,],[,,,],[,,,],[,,,]]$

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