Below are the transactions for Button Sewing Shop for March, the first month of operations.

March $1$ Issue common stock in exchange for cash of $$1,100.$

March $3$ Purchase sewing equipment by signing a note with the local bank, $$800.$

March $5$ Pay rent of $$410$ for March.

March $7$ Martha, a customer, places an order for alterations to several dresses. Button estimates that the alterations will cost Martha $$610.$ Martha is not required to pay for the alterations until the work is complete.

March $12$ Purchase sewing supplies for $$111$ on account. This material will be used to provide services to customers.

March $15$ Button delivers altered dresses to Martha and receives $$610.$

March $19$ Button agrees to alter $10$ business suits for Bob, who has lost a significant amount of weight recently. Button receives $$510$ from Bob and promises the suits to be completed by March $25.$

March $25$ Button delivers $10$ altered business suits to Bob.

March $30$ Pay utilities of $$76$ for the current period.

March $31$ Pay dividends of $$55$ to stockholders.

Required:

Record each transaction.

& $3.$ Post each transaction to the appropriate T$-$accounts and calculate the balance of each account at March $31.$

Prepare a trial balance as of March $31.$

Complete this question by entering your answers in the tabs below.

General

Journal

Trial Balance

Record each transaction. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

Issue common stock in exchange for cash of $$1,100.$

Note: Enter debits before credits.