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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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 $2,600. March 3 Purchase sewing equipment by signing a note with the local bank, $2,300. March 5 Pay rent of $560 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Button estimates that the alterations will cost Martha $760. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $126 on account. This material will be used to provide services to customers. March 15 Button delivers altered dresses to Martha and receives $760. March 19 Button agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently Button receives $660 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 $91 for the current period. March 31 Pay dividends of $130 to stockholders. Required: 1. Record each transaction. 2. \& 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at March 31. 4. Prepare a trial balance as of March 31

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