1 2 3 4 5 6 7 8 9 10 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 from Bob and promises the suits to be completed by March 25. Note: Enter debits before credits. Date March 19 Cash re Account Title Debit Credit 650 0: No Journal Entry Required 120: Accounts Receivable 125: Notes Receivable 130: Interest Receivable Record e 145: Prepaid Rent 650 View general journal ---- ----- < 1 2 3 4 5 10 6 7 8 9 10 > Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 from Bob and promises the suits to be completed by March 25. Note: Enter debits before credits. Date Account Title Debit Credit March 19 Cash 650 re 145: Prepaid Rent Record ei 150: Prepaid Insurance 215: Interest Payable 230: Deferred Revenue 330: Retained Earnings 100 Service Revenue 650 View general journal < Requirement General Ledger City ---- ----- < 1 2 3 4 5 6 7 8 9 10 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 from Bob and promises the suits to be completed by March 25. Note: Enter debits before credits. Date Account Title Debit Credit March 19 Cash 650 re 400: Service Revenue 405: Sales Revenue 410: Interest Revenue 545: Rent Expense Record ei 570: Repairs and Maintenance Expense 650 View general journal < Requirement General Ledger > Return to question 10 6 Below are the transactions for Ute Sewing Shop for March, the first month of operations. March 1 Issue common stock in exchange for cash of $2,500. March 3 Purchase sewing equipment by signing a note with the local bank, $2,200. March 5 Pay rent of $550 for March. points March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $750. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $125 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $750. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 from Bob and promises the suits to be completed by March 25. March 25 Ute delivers 10 altered business suits to Bob. March 30 Pay utilities of $90 for the current period. March 31 Pay dividends of $125 to stockholders. Answer is complete but not entirely correct. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date 1 March 01 Cash Common Stock Account Title Debit Credit 2,500 2,500 00 6 3 March 05 Rent Expense Cash 10 points 4 March 07 No Journal Entry Required 5 March 12 Supplies Accounts Payable 550 550 125 125 6 March 15 Cash 750 Service Revenue 750 7 March 19 Cash 650 Interest Revenue 650 8 March 25 Notes Receivable 650 Service Revenue 650 9 March 30 Utilities Expense Cash 90 90 10 March 31 Dividends 125