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 $3,000. March 3 Purchase sewing equipment by signing a note with the local bank, $2,700. March 5 Pay rent of $600 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $800. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $130 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $800. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $700 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 $95 for the current period. March 31 Pay dividends of $150 to stockholders. General Requirement 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.) Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Issue common stock in exchange for cash of $3,000. Note: Enter debits before credits. Date March 01 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Purchase sewing equipment by signing a note with the local bank, $2,700. Note: Enter debits before credits. Date March 03 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 2 3 4 5678910 > Pay rent of $600 for March. Note: Enter debits before credits. Date March 05 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $800. Martha is not required to pay for the alterations until the work is complete. Note: Enter debits before credits. Date March 07 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Purchase sewing supplies for $130 on account. This material will be used to provide services to customers. Note: Enter debits before credits. Date March 12 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Ute delivers altered dresses to Martha and receives $800. Note: Enter debits before credits. Date March 15 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 456 7 8 9 10 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $700 from Bob and promises the suits to be completed by March 25. Note: Enter debits before credits. Date March 19 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 10 Ute delivers 10 altered business suits to Bob. Note: Enter debits before credits. Date March 25 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Pay utilities of $95 for the current period. Note: Enter debits before credits. Date March 30 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 Pay dividends of $150 to stockholders. Note: Enter debits before credits. Date March 31 O 10 10 Account Title Debit Credit View general journal Record entry Clear entry