The chart of accounts of the Findlay Flying School is given here, P.0.1 followed by the transactions that took place during November of this year:

Nov. 1 Paid $1,640 for liability insurance for one year.
2 Received bill for advertising from the City Gazette, $316.
4 Paid hangar rent for the month, $425.
6 Received bill for engine repair from Aero Mechanical Service, $284.
8 Billed students for flying lessons, $929.
11 Received and paid telephone bill, $67.
14 Bought lockers and storage cabinet on account from Cresswell and Company, $356, payment due in thirty days.
17 Paid bill for advertising, charged previously on November 2.
19 R. T. Findlay withdrew $540 for personal use.
22 Received bill from Duncan Oil Company for gas and oil used in the firm’s operations, $202.
24 Received cash from students, $369. (Students were not billed previously.)
25 Paid salary of assistant, $1,400.
26 Bought a desk and chair from Helm’s Furniture, $229, with payment due in thirty days.
28 Received $600 in cash from students previously billed.
30 Billed students for flying lessons, $1,426.
30 Paid $214 in expenses for travel to air safety show.
30 R. T. Findlay withdrew $140 for personal use.
Instructions Record the transactions in a general journal, including a brief explanation for each entry. Number the journal pages 31, 32, and 33.

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Assets 111 Cash 113 Accounts Receivable 115 Prepaid Insurance 124 Airplane 127 Equipment Liabilities 221 Accounts Payable Owner's Equity 311 R. T. Findlay, Capital 312 R. T. Findlay, Drawing Revenue 411 Flying Revenue Expenses 511 Salary Expense 512 Rent Expense 513 Gas and Oil Expense 514 Advertising Expense 515 Repair Expense 516 Telephone Expense 529 Miscellaneous Expense