Earmen Air Transport Service, Inc. has been in operation for three years. The following transactions occurred in July:

July 1 Paid $415 for rent of hangar space in July.

July 2 Purchased fuel costing $550 on account for the next flight to Boston.

July 4 Received customer payment of $910 to ship several items to New York next month.

July 7 Flew cargo from Sacramento to Boston; the customer paid $1,110 for the air transport.

July 10 Paid $225 for an advertisement in the local paper to run on July 19.

July 14 Paid pilot $3,400 in wages for flying in June (recorded as expense in June).

July 18 Flew cargo for two customers from Boston to Phoenix for $4,200; one customer paid $2,000 cash and the other asked to be billed.

July 25 Purchased on account $3,250 in spare parts for the planes.

July 27 Declared a $300 cash dividend to be paid in August.

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).