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Below are the transactions for Baste Sewing Shop for March, the first month of operations March 1 issue common stock in exchange for cash of
Below are the transactions for Baste Sewing Shop for March, the first month of operations March 1 issue common stock in exchange for cash of $2,460. March 3 Purchase sewing-equipent by signing a note with the local bank, 52,109. Macch 5 Pay rent of $548 for March. Macch 7 Martha, a customer, places an order for alteestion to several dresses. saste estimates that the alterations wil cost Martha 3749 . Martha is not required to pay for the alterations until the apork is cresplete. March 12 Purchase seaing supplies for $124 on account. This naterial anil be used to provide services to custceners. Harch 15 Baste delivers altered dresses to Martha and recelves $740. March 19 Baste agrees to alter 19 business suits for Bob, who has lost a significant anount of weight, recently. Baste receives $640 fron Bob and pronises the suits to be conpleted by March 25 . March 25 - Bante delivers 10 altered business sults to Bob. March 39 Pay utilities of $89 for the current period. Barch 31 Pay dividends of $120 to stockholders. Required: 1. Record each transaction. 2. \&. Post each transaction to the appropriate Taccounts and calculate the balance of each account at March 31 4. Prepare a thal balance as of March 31. Complete this question by entering your answers in the tabs below. Record each transaction. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account frold. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first field.) Journal entry worksheet
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