High Flying Biplane provides sight-seeing tours in vintage biplanes. The company is owned by Charlie Nightman. The closing balances at the end of January 2019 and the chart of accounts is shown below. High Flying Biplane Balance Sheet As at January 31, 2019 Assets Liabilities Cash $8,000 Accounts Payable $8,300 Accounts Receivable $5,900 Unearned Revenue $3,200 Prepaid Insurance $1,500 Bank Loan $19,200 Equipment $39,800 Total Liabilities $30,700 Owners' Equity Nightman, Capital $24,500 Total Liabilities & Owners' Total Assets $55,200 $55,200 Equity Account Account Description Account Description Account # # ASSETS REVENUE 101 Service Revenue Cash 400 Accounts Receivable 105 EXPENSES 500 Prepaid Insurance Equipment 515 110 Advertising Expense 120 Insurance Expense Interest Expense 200 Telephone Expense LIABILITIES 520 550 Accounts Payable Interest Payable Unearned Revenue 205 210 Account Description Account # Account Description Account # ASSETS REVENUE Cash 101 Service Revenue 400 Accounts Receivable 105 EXPENSES 500 Prepaid Insurance Equipment 515 110|Advertising Expense 120||Insurance Expense Interest Expense 200||Telephone Expense LIABILITIES 520 550 Accounts Payable Interest Payable 205 Unearned Revenue 210 Bank Loan 215 OWNER'S EQUITY 300 Nightman, Capital Nightman, Withdrawals 310 During the month of February, High Flying Biplane had the following transactions. Do not enter dollar signs or commas in the input boxes. During the month of February, High Flying Biplane had the following transactions. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation PR Debit Credit 2019 Feb 2 Cash $9,000 Nightman, Capital $9,000 Owner invested cash Feb 7 Cash $2,520 Unearned Revenue $2,520 Received deposit for future services Feb 11 Advertising Expense $880 Accounts Payable $880 Record advertising bill Feb 16 Interest Expense $150 Cash $150 Paid interest bill Feb 23 Accounts Receivable $2,450 Service Revenue $2450 Feb 23 Accounts Receivable $2,450 Service Revenue $2,450 Provide service on account Required a) Post the journal entries to the general ledger for February 2019. b) Fill in the PR column in the journal with the proper ledger numbers. If there is no entry to a particular account on a given date, please leave that row blank. Do not enter commas in the input boxes. Account: Cash GL No. 101 Date Description PR DR CR Balance 2019 Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 Feb 16 J1 . Feb 23 J1 Account: Accounts Receivable GL No. 105 Date Description PR DR CR Balance 2019 Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 . Feb 16 J1 Feb 23 J1 GL No. 110 Account: Prepaid Insurance Date Description PR DR CR Balance 2019 Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 Feb 16 J1 Feb 23 J1 GL No. 120 Account: Equipment Date Description 2019 PR DR CR Balance Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 Feb 16 J1 Feb 23 J1 GL No. 200 Account: Accounts Payable Date Description PR 2019 DR CR Balance Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 - Feb 16 J1 Feb 23 J1 Account: Unearned Revenue GL No. 210 Date Description PR DR CR Balance 2019 Feb 1 Opening Balance Feb 2. J1 - Feb 7 J1 Feb 11 J1 Feb 16 J1 Feb 23 J1 Account: Bank Loan GL No. 215 Date Description PR DR CR Balance 2019 Feb 1 Opening Balance Feb 2. J1 Feb 7 J1 Feb 11 J1 Feb 16 J1 Feb 23 J1 GL No. 300 Account: Nightman, Capital Date Description PR 2019 DR CR Balance Feb 1 Opening Balance Feb 2 J1 Feb 7 J1 Feb 11 J1 Feb 16 J1 Feb 23 J1 GL No. 400 Account: Service Revenue Date Description PR DR CR Balance
