problem 2-7A completw the steps in the measurement of external transactions LO2-4,2-5,2-6

Problem 2-7A (Algo) Complete the steps in the measurement of external transactions (LO24,25,26) (GL) Below are the transactions for Baste Sewing Shop for March, the first month of operations. March 1 Issue common stoek in exchange for cash of $2,700. March 3 purchase sewing equipment by signing a note with the local bank, $2,400. March 5 pay rent of $570 for March. March 7 Partha, a customer, places an order for alterations to several dresses. Baste estimates that the alterations will cost Martha $770. Martha is not required to pay for the alterations until the work ls complete. March 12 Purchatie sewing supplies for $127 on account. This material wil1 be used to provide services to customera. March 15 gaste delivers altered dresses to Martha and receives $770. March 19 Baste agrees to alter 10 business suits for Bob, who has lost a bignificant asount of weight recently. Baste receives $670 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 $92 for the current period. March 31 Day dividends of $135 to stockholders. 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.)