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 $1,400.march 3 purchase sewing equipment by signing a note with the local bank, $1,100.march 5 pay rent of $440 for march. march 7 martha, a customer, places an order for alterations to several dresses. ute estimates that the alterations will cost martha $640. martha is not required to pay for the alterations until the work is complete. march 12 purchase sewing supplies for $114 on account. this material will be used to provide services to customers. march 15 ute delivers altered dresses to martha and receives $640.march 19 ute agrees to alter 10 business suits for bob, who has lost a significant amount of weight recently. ute receives $540 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 $79 for the current period. march 31 pay dividends of $70 to stockholders. post each transaction to the appropriate t-accounts and calculate the balance of each account at march 31.