Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid $310 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 $850 to ship several items to Philadelphia next month.
February 7 Flew cargo from Denver to Dallas; the customer paid $870 for the air transport.
February 10 Paid $130 for an advertisement in the local paper to run on February 19.
February 14 Paid pilot $2,500 in wages for flying in January (recorded as expense in January).
February 18 Flew cargo for two customers from Dallas to Albuquerque for $4,700; one customer paid $1,100 cash and the other asked to be billed.
February 25 Purchased on account $2,540 in spare parts for the planes.
February 27 Declared a $220 cash dividend to be paid in March.

Required:
Prepare journal entries for each transaction.