Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in February:
February 1 Paid $225 for rent of hangar space in February.
February 2 Purchased fuel costing $490 on account for the next flight to Dallas.
February 4 Received customer payment of $820 to ship several items to Philadelphia next month.
February 7 Flew cargo from Denver to Dallas; the customer paid $910 for the air transport.
February 10 Paid pilot $1,300 in wages for flying in January.
February 14 Paid $75 for an advertisement in the local paper to run on February 19.
February 18 Flew cargo for two customers from Dallas to Albuquerque for $1,800; one customer paid $600 cash and the other asked to be billed.
February 25 Purchased on account $1,550 in spare parts for the planes.
February 27 Declared a $250 cash dividend to be paid in March.

Required:
Prepare journal entries for each transaction. Be sure to categorize each account as an asset (A), liability (L), stockholders’ equity (SE), revenue (R), or expense (E).