Recording Journal Entries ir Transport Service, Inc., has been in operation for three years. The following transactions E3-9 aine Ai Bl occurred in February: February1 February 2 February 4 Paid $275 for rent of hangar space in February Purchased fuel costing $490 on account for the next flight to Dallas. Received customer payment of $820 to ship several items to Philadelphia next month. Flew cargo from Denver to Dallas; the customer paid $910 for the air transport Paid $175 for an advertisement in the local paper to run on February 19, February 7 February 10 14 Paid pilot $2.300 in wages for flying in January (recorded as expense in January). 18 Flew cargo for two customers from Dallas to Albuquerque for $3.800; one customer February February 25 Purchased on account $2,550 in spare parts for the planes. ebruary 27Declared a $200 cash dividend to be paid in March paid $1,600 cash and the other asked to be billed