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Performed $29,700 of services on account. Collected $21,500 cash on accounts receivable. Paid $5,200 cash in advance for an insurance policy. Paid $990 on accounts payable. Recorded the adjusting entry to recognize $3,800 of insurance expense. Received $9,800 cash for services to be performed at a later date. Purchased land for $910 cash. Purchased supplies for $1,900 cash. 999'? .7295" Required Record each of the preceding transactions in generaljournal form and then show the effect of the transaction in a horizontal statements model. The first transaction is shown as an example. Transaction Account Title Debit Credit a Accounts receivable 29,700 Service revenue 29,700 Complete this question by entering your answers in the tabs below. Horizontal General Statements Journal Model Record each of the preceding transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Journal entry worksheet 2 3 4 5 6 7 Collected $21,500 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journalJournal entry worksheet 2 3 4 5 6 7 Paid $5,200 cash in advance for an insurance policy. Note: Enter debits before credits. Transaction General Journal Debit Credit C Record entry Clear entry View general journalJournal entry worksheet Paid $990 on accounts payable. Note: Enter debits before credits. Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 Recorded the adjusting entry to recognize $3,800 of insurance expense. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journalJournal entry worksheet Received $9,800 cash for services to be performed at a later date. Note: Enter debits before credits. Record entry m View general journal Journal entry worksheet 1 2 3 4 5 6 7 Purchased land for $910 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit g Record entry Clear entry View general journalJournal entry worksheet 1 2 3 4 5 6 7 Purchased supplies for $1,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit h Record entry Clear entry View general journal