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 $1,000 March 3 Purchase sewing equipment by signing a note with the local bank, $1,500 March 5 Pay rent of $450 for March March 7 Martha, customers, places an order for alterations to several dresses ute estimates that the alterations will cost Martha $650. Martha is not required to pay for the alterations until the work is complete March 12 Purchase sewing supplies for $118 on account. This material will be used to provide services to customers. March 15 Uto delivers altered dresses to Martha and receives $680 March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives 5580 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 $83 for the current period March 31 Pay dividends of $90 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.) O Required information Journal entry worksheet Issue common stock in exchange for cash of $1,800. Note: Enter debits before credits. General Journal Debit Date March 01 Credit Record entry Clear entry View general journal