E3-8 (Algo) Recording Journal Entries LO3-4 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 $280 for rent of hangar space in February. February 2 Purchased fuel costing $440 on account for the next flight to Dallas. February 4 Received customer payment of $800 to ship several items to Philadelphia next month. February 7 Flew cargo from Denver to Dallas; the customer paid $990 for the alr transport. February 10 Paid $205 for an advertisement in the local paper to run on February 19. February 14 Paid pilot $2,600 in wages for flying in January (recorded as expense in January). February 18 Flew cargo for two customers from Dallas to Albuquerque for $4,200; one customer paid $1,200 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 $300 cash dividend to be paid in March. Required: Prepare journat entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field. Frepdre joumal enutes ior eacn uanisacuon. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 456789 Paid $280 for rent of hangar space in February. Note: Enter debits before credits