The chart of accounts of the Barnes School is shown here, followed by the transactions that took place during October of this year.

Assets

111 Cash

113 Accounts Receivable

115 Prepaid Insurance

124 Equipment

127 Furniture

Liabilities

221 Accounts Payable

Owner's Equity

311 R. Barnes, Capital

312 R. Barnes, 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

Oct. 1 Bought liability insurance for one year, $1,850, Ck. No. 1527.

3 Received a bill for advertising from Business Summary, $415.

4 Paid the rent for the current month, $1,870, Ck. No. 1528.

7 Received a bill for equipment repair from Fix-It Service, $318, Inv. No. 436.

10 Received and deposited tuition from students, $6,375.

11 Received and paid the telephone bill $312, Ck. No. 1529.

15 Bought desks and chairs from The Oak Center, $1,980, paying $980 in cash and placing the balance on account, Ck. No. 1530.

18 Paid on account to Business Summary, $415, Ck. No. 1531.

21 R. Barnes withdrew $1,000 for personal use, Ck. No. 1532.

24 Received a bill for gas and oil from Wagner Oil Company, $225, Inv. No. 682.

25 Received and deposited tuition from students, $6,380.

27 Paid the salary of the part-time office assistant, $1,150. Ck. No. 1533.

28 Bought a photocopier on account from Gorst Office Machines, $1,950, Inv. No. 417.

29 Received $950 tuition from a student who had charged the tuition on account in September.

30 Received and paid the bill for utilities, $623, Ck. No. 1534.

31 Paid for flower arrangements for front office, $87, Ck. No. 1535.

31 R. Barnes invested his personal computer and printer, with a fair market value of $1,549, in the business.

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.