Question
Sunny Skies Inc. providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February: February 1 Paid
Sunny Skies Inc. providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February:
February 1 Paid $245 for rent of hangar space in February.
February 2 Purchased fuel costing $530 on account for the next flight to Dallas.
February 4 Received customer payment of $850 to ship several items to Philadelphia in March.
February 7 Flew cargo from Denver to Dallas; the customer paid $830 for the air transport.
February 10 Paid $205 for an advertisement in the local paper to run in February.
Required: Prepare journal entries for each transaction.
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