Below are the transactions for Button 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. Button 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	Button delivers altered dresses to Martha and receives $640.
March 19	Button agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Button receives $540 from Bob and promises the suits to be completed by March 25.
March 25	Button 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.

Required: 1. Record each transaction. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at March 31. 4. Prepare a trial balance as of March 31.