Record each of the following transactions

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Record each of the following 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.

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a. Performed $9,500 of services on account. 

b. Purchased land for $12,000 cash. c. Purchased supplies for $265 cash. 

d. Received $1,500 cash for services to be performed at a later date. 

e. Collected $4,200 cash on accounts receivable. 

f. Paid $1,150 cash in advance for an insurance policy. 

g. Paid $600 on accounts payable. 

h. Recorded the adjusting entry to recognize $400 of insurance expense. 

i. Recorded the adjusting entry to recognize $300 accrued interest revenue.

Reference no: EM13914888

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