E3-9 (Algo) Recording Journal Entries LO3-4 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 $250 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 $910 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 $220 for an advertisement in the local paper to run on February 19. February 14 Paid pilot $2,700 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 $1,700 cash and the other asked to be billed. February 25 Purchased on account $2,510 in spare parts for the planes. February 27 Declared a $250 cash dividend to be paid in March. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 4 5 6 7 8 9 Paid $250 for rent of hangar space in February