Prepare journal entries for each transaction

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Reference no: EM132838413

Question - Rowland & Sons Air Transport Service Ltd. has been in operation for three years. The following transactions occurred in February 2017:

Feb. 1 Paid $210 for rent of hangar space in February.

Feb. 4 Received customer payment of $810 to ship several items to Victoria next month.

Feb. 7 Flew cargo from Winnipeg to Regina; the customer paid in full ($910 cash).

Feb. 10 Paid pilot $1,300 in wages for flying in February.

Feb. 14 Paid $110 for an advertisement run in the local paper on February 14.

Feb. 18 Flew cargo for two customers from Edmonton to Lake Louise for $1,850; one customer paid $550 cash and the other asked to be billed $1,300.

Feb. 25 Purchased on account $1,360 in spare parts for the planes.

Required - Prepare journal entries for each transaction.

Reference no: EM132838413

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