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 Pald $320 for rent of hangar space in February February 2 Purchased fuel costing $390 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 $940 for the air transport. February 10 Paid $220 for an advertisement in the local paper to run on February 19. February 14 Pald pilot $3,200 in wages for flying in January (recorded as expense in January) February 18 Flew cargo for two customers from Dallas to Albuquerque for $4,500; one customer paid $1,200 cash and the other asked February 25 Purchased on account $2,610 in spare parts for the planes. February 27 Declared a $230 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.) to be billed View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Paid $320 for rent of hangar space in February. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general Journal Journal entry worksheet