March		1		Issue common stock in exchange for cash of $2,500.
March		3		Purchase sewing equipment by signing a note with the local bank, $2,200.
March		5		Pay rent of $550 for March.
March		7		Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $750. Martha is not required to pay for the alterations until the work is complete.
March		12		Purchase sewing supplies for $125 on account. This material will be used to provide services to customers.
March		15		Ute delivers altered dresses to Martha and receives $750.
March		19		Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 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 $90 for the current period.
March		31		Pay dividends of $125 to stockholders.

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 $2,500. March 3 Purchase sewing equipment by signing a note with the local bank, $2,200. March 5 Pay rent of $550 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $750. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $125 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $750. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $650 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 $90 for the current period. March 31 Pay dividends of $125 to stockholders. Requirement General 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.) View transaction list Journal entry worksheet Issue common stock in exchange for cash of $2,500. Note: Enter debits before credits. Date Account Title Debit Credit March 01 Record entry Clear entry View general journal