Check my ! Required Information (The following information applies to the questions displayed below.) 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 $1,000. March 3 Purchase newing equipment by signing a note with the local bank, $700. March 5 Pay rent of $400 for March. March 7 Martha, a customer, place an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $600. Martha is not required to pay for the alterations until the work in complete. March 12 Purchase sewing supplies for $110 on account. This material vill be used to provide services to customers March 15 Uto delivers altered dresses to Martha and receives $600. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $500 from Bob and promises the suits to be completed by March 25. March 25 Uto delivers 10 altered business suits to Bob. March 30 Pay utilities o $75 for the current period March 31 Pay dividends of $50 to stockholders. 4. Prepare a trial balance as of March 31. UTE SEWING SHOP 4. Prepare a trial balance as of March 31. 23 Credit UTE SEWING SHOP Trial Balance March 31 Accounts Debit Cash Supplies Equipment Accounts Payable Deferred Revenue Notes Payable Common Stock Dividends Service Revenue Rent Expense Utilities Expense Totals $ 0 es $ 0