general journal and then trial balance
Problem 2-7A Complete the steps in the measurement of external transactions (L02-4,2-5,2-6) (GL) Below are the transactions for Ute Sewing Shop for Morch, the first month of operations, March 1 Issue common stock in exchange for cash of $1,100. March 1Purchase sewing equiment by Sining note with the local bank, 31.000 March 5 Pay rent of $430 for March March 7 Martha, a customer, places an order for alterations to several dresses. ute estimates that the alterations will cost Martha $630, Martha is not required to pay for the alterations until the work is complett March 12 Purchase sewing supplies for $11) on account. This material wit be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $630. March 19 Utt agrees to alter 10 business suits for sob, who was lost significant wount of weight recently. Ute receives $530 from Bob and promises the suits be completed by March 25. March 25 Ute delivers 10 altered business suits to Bob. March 30 Pay utilities of 570 for the current period March 31 Pay dividends of 365 to stockholders Book AC enco Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions, it rentry is required for bansaction event, select No Soumal Entry Required in the first account field.) View transactions Journal entry worksheet 2 5 6 10 Issue common stock in exchange for cash of $1,300 Account Title Det Credit March 01 Below are the transactions for Ute Sewing Shop for March, the first month of operations. March 1 Gsue common stock in exchange for cash of $1,300. March 3 Purchase sewing equipment by signing a note with the local bank, 51,890. March S. Pay rent of $430 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Mentha $630. Martha ds not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $113 on account. This material will be used to provide services to customers. March 15. Ute delivers altered dresses to Martha and receives 5630. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently, Ute receives 3530 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 $78 for the current period. March 31 Pay dividends of $65 to stockholders. General Journal Requirement General Ledger Trial Balance the first