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Will you please correct my work Below are the transactions for Button Sewing Shop for March, the first month of operations. Mareh. Issue common stock
Will you please correct my work
Below are the transactions for Button Sewing Shop for March, the first month of operations. Mareh. Issue common stock in exchange for cash of $1,700. March 3 Purchage seving equipttent by signing a note with the local bank, $1,400. March 5 Pay rent of $470 for March. March 7 Martha, a custoner, placen an order for alterations to neveral dreeses. Button estimates that the alterations Mill cost Martha $670. Martha in not reguired to pay for the alterationa until the work in complete. March 12 Purchase seving nupplies for 3117 on account. Thin material will be uned to provide servicen co custoners. March 15 Button delivers altered drenses to Martha and receiven $670. March 19 Button agreen to alter 10 business suita for Bob, who has loet a significant anount of weight recently. Button receives $570 from bob and promises the suits to be conpleted by Mareh 25. March 25 putton delivers 10 altered business suit is to Bob. March 30 Pay utikitien of $82 for the current period. March 31 -Pay dividends of $65 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.) Below are the transactions for Button Sewing Shop for March, the first month of operations. Mareh. Issue common stock in exchange for cash of $1,700. March 3 Purchage seving equipttent by signing a note with the local bank, $1,400. March 5 Pay rent of $470 for March. March 7 Martha, a custoner, placen an order for alterations to neveral dreeses. Button estimates that the alterations Mill cost Martha $670. Martha in not reguired to pay for the alterationa until the work in complete. March 12 Purchase seving nupplies for 3117 on account. Thin material will be uned to provide servicen co custoners. March 15 Button delivers altered drenses to Martha and receiven $670. March 19 Button agreen to alter 10 business suita for Bob, who has loet a significant anount of weight recently. Button receives $570 from bob and promises the suits to be conpleted by Mareh 25. March 25 putton delivers 10 altered business suit is to Bob. March 30 Pay utikitien of $82 for the current period. March 31 -Pay dividends of $65 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.) Step by Step Solution
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