The chart of accounts of Ethan Academy is shown here, followed by the transactions that took place during December of this year.

Assets

111 Cash

113 Accounts Receivable

114 Supplies

115 Prepaid Insurance

124 Equipment

127 Furniture

Liabilities

221 Accounts Payable

Owner's Equity

311 R. Ethan, Capital

312 R. Ethan, Drawing

Revenue

411 Tuition Income

Expenses

511 Salary Expense

512 Rent Expense

513 Gas and Oil Expense

514 Advertising Expense

515 Repair Expense

516 Telephone Expense

517 Utilities Expense

529 Miscellaneous Expense

Dec. 1 Bought liability insurance for one year, $2,260, Ck. No. 1627.

11 Received a bill for advertising from the City News, $415, Statement No. 4267.

12 Paid the rent for the current month, $1,850, Ck. No. 1628.

13 Received a bill for equipment repair from Electronic Services, $345, Inv. No. 547.

16 Received and deposited tuition from students, $5,850.

17 Received and paid the telephone bill, $305, Ck. No. 1629.

Dec. 18 Bought desks and chairs from School Furniture, $1,625, paying $625 in cash and placing the balance on account, Ck. No. 1630.

20 Paid on account to the City News, $415, Statement No. 4267, Ck. No. 1631.

21 R. Ethan withdrew $1,000 for personal use, Ck. No. 1632.

26 Received a bill for gas and oil from Discount Oil Company, $210, Inv. No. 591.

27 Received and deposited tuition from students, $6,045.

31 Paid the salary of the office assistant, $1,375, Ck. No. 1633.

31 Bought a fax machine on account from EquipCo, $118, Inv. No. 529.

31 Received $1,150 tuition from a student who had charged the tuition on account last month.

31 Received and paid the bill for utilities, $470, Ck. No. 1634.

31 R. Ethan invested her personal computer and printer, with a fair market value of $1,150, in the business.

31 Bought supplies, $295, Ck. No. 1635.

Required

Record these transactions in the general journal, including a brief explanation for each entry. If you are using working papers, number the journal pages 31 and 32.