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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

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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 $1,200 March ) Purchase sewing equipment by signing a note with the local bank, $900. March 5 Pay rent of 5420 for March March 7 Martha, a customer places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha 5620. Martha is not required to pay for the alterations until the work is complete March 12 Purchase sending supplies for $112 on account. This waterial will be used to provide services to customers March 15 Ute delivers altered dresses to Martha and receives 5620. March 19 ute agrees to alter le business suits for Bob, who has lost a significant amount of weight recently. Ute receives $520 from sob 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 $77 for the current period. March 31 Pay dividends of $58 to stockholders. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at March 31 Cash Supplies Bog. Bal Beg Bal End. Bal End, Bal Accounts Payable Equipment Beg Bal. Beg Bal 11 Required information Notes Payable Deferred Revenue 2 Beg Ba End Bal End Ball Dividends Comwort Stock Beg Bali Beg B End End Bal cucation.com work Part 2 Smed Help Save & Exit Sub Check my wer Required information Service Revenue Rent Expense Beg. Bal Beg Bal End Bal End. Bal. Utilities Expense Beg. Bal End. Bal

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