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Tobias Eaden started a sole proprietorship named Sky High Ads. A customers message can be displayed on an airplane banner across the city. The following are Sky High Ads business activities during the month of November 2017:

Nov	1	Invested $200,000 cash and aircraft equipment with a $50,000 fair value in a new sole proprietorship named Sky High Ads.
	3	Purchased land and a small office building. The land was worth $400,000, and the building was worth $100,000. The purchase price was paid with $125,000 cash and a long-term note payable for the balance.
	7	Eaden transferred title of his personal airplane to the business. The airplane had a value of $200,000 and was to be used exclusively in the business.
	9	Purchased $5,000 of supplies on credit.
	13	Provided services to a customer for a marriage proposal of $16,000 on credit.
	17	Paid $3,000 wages to a pilot.
	21	Signed an advertising contract to commence in January. A deposit of $250 must be paid by December 15.
	23	Paid for half of the account payable from the November 9 transaction.
	27	Purchased $20,000 of new aircraft equipment by paying $15,000 cash and trading in old aircraft equipment with a recorded cost of $5,000.
	30	Withdrew $3,200 cash from the business for personal use.

Required: 1. Not available in Connect. 2. Not available in Connect. 3. Prepare General Journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet 123 4 5 678 910 Record the investment of $200,000 cash and aircraft equipment with a $50,000 fair value in a new sole proprietorship named Sky High Ads. Note: Enter debits before credits. Date Account Description Debit Credit Nov 01 Record entry Clear entry View general journ

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