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

March 1Issue common stock in exchange for cash of $1,100.March 3Purchase sewing equipment by signing a note with the local bank, $800.March 5Pay rent of $410 for March.March 7Martha, 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 12Purchase sewing supplies for $111 on account. This material will be used to provide services to customers.March 15Button delivers altered dresses to Martha and receives $610.March 19Button 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 25Button delivers 10 altered business suits to Bob.March 30Pay utilities of $76 for the current period.March 31Pay dividends of $55 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.

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