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 $1,500.
March		3		Purchase sewing equipment by signing a note with the local bank, $1,200.
March		5		Pay rent of $450 for March.
March		7		Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $650. Martha is not required to pay for the alterations until the work is complete.
March		12		Purchase sewing supplies for $115 on account. This material will be used to provide services to customers.
March		15		Ute delivers altered dresses to Martha and receives $650.
March		19		Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $550 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 $80 for the current period.
March		31		Pay dividends of $75 to stockholders.

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