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 $2,600. March 3 Purchase sewing equipment by signing a note with the local bank, $2,300. March 5 Pay rent of $560 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $760. Martha is not required to pay for the alterations until the work in complete. March 12 Purchase sewing supplies for $126 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $760. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of veight recently. Ute receives $660 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 $91 for the current period. March 31 Pay dividends of $130 to stockholders. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No journal Entry Required" in the first account field.)