$3-8($Algo$)$ Recording Journal Entries LO$3-4$

Griffin Air Transport Service, Incorporated, 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 $$540$ on account for the next flight to Dallas.

February $4$ Received customer payment of $$840$ to ship several items to Philadelphia next month.

February $7$ Flew cargo from Denver to Dallas; the customer paid $$880$ for the air transport.

February $10$ Paid $$145$ for an advertisement in the local paper to run on February $19.$

February $14$ Paid pilot $$2,300$ in wages for flying in January $($recorded as expense in January$).$

February $18$ Flew cargo for two customers from Dallas to Albuquerque for $$4,400$; one customer paid $$1,700$ cash and the other asked to be billed.

February $25$ Purchased on account $$2,580$ for a supply of spare parts for the planes.

February $27$ Declared a $$260$ cash dividend to be paid in March.

Required:

Prepare journal entries for each transaction.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.