GL 2-3 (Algo) Complete the steps in the measurement of external transactions (LO2-3, 2-4) Below are the transactions for Baste Sewing Shop for March, the first month of operations. March 1 Issue common stock in exchange for cash of $2,400. March 3 Purchase sewing equipment by signing a note with the local bank, $2,100. Pay rent of $540 for March. March 5 March 7 Martha, a customer, places an order for alterations to several dresses. Baste estimates that the alterations will cost Martha $740. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $124 on account. This material will be used to provide services to customers. March 15 Baste delivers altered dresses to Martha and receives $740. March 19 Baste agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Baste receives $640 from Bob and promises the suits to be completed by March 25. March 25 Baste delivers 10 altered business suits to Bob. March 30 Pay utilities of $89 for the current period. March 31 Pay dividends of $120 to stockholders. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-10). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. Requirement General Journal >