(Solved): Problem 2-7A (Algo) Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6 ...

Problem 2-7A (Algo) Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (GL) Below are the transactions for Button Sewing Shop for March, the first month of operations. Mareh 1 issue comon stoek in exehange for canh of \( \$ 1,100 \). March 3 purchase sewing equipeent by stgning a note with the loeal bank, \( 5800 . \) Mareh 3 pay rent of \( \$ 410 \) for March. March 7 Martha, a cuatoner, placen an ordor for alteration to several drenses. Button eotinaten that the alteratione Nil1 cont Martha \( \$ 610 \). Martha in not required to pay tor the alterations until the wark in conplete. Mareh 12 Purehase seving suppliee for \( \$ 111 \) on accont. This naterial will be weed to provide servicen to oustoners. Mareh is Button deliver altered dressen to Martha and receiven 5610 . Mareh 19 Button ayrees to alter 10 busitiens sults for Bob, whe has loat a nignificant anount of veight recentiy. Mareh 25 Button delecvera 10 altered business nuite to Bob. March 30 Pay uti1ities of 376 for the current period. Mareh 31 Pay dividende of 555 to ntoekholdere. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 10 ). Review the General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. General Ledger Account \begin{tabular}{|l|l|l|} \hline Requirement & General Journal & General Ledger \\ \hline \end{tabular} Trial Balance BUTTON SEWING SHOP Trial Balance March 31, 2024 \begin{tabular}{|l|l|l|} \hline Account Title & March 31,2024 \\ Wash & Supplies & \( \$ \) \\ W Utilities Payable \\ Common Stock \\ Dividends \\ Service Revenue & \\ \hline Total & \( < \) General Ledger \\ \hline \end{tabular}