Required information Problem 2-7A Complete the steps in the measurement of external transactions (L024,25,26) [The following information applies to the questions displayed below. Below are the transactions for Ute Sewing Shop for March, the first month of operations. Wareb 1 Intue conmon stock in exchange for caah of $3,000, Mareh 3 Parghape sowing equipment by a dqoing a note with the lodal bank, 52,700. Maroh 5 pay rent of $600 for Maxch. Mareh 7 Martha, a eustotter, ploces an ordor for altoralione to soveral drossos, vte eatinatea that the alterations vil1 copt Martha 5 beo. Martha ia fot required to pay for the altorationo until the vork 10 complote. Mareh 12 Purehabe souing aupplios for 9130 on account. This material will be ured to proride aetvicou to custonorth. Mareh 15 Ote delivera altered dressea te Martha and recelvea 5000 Ute rocelvee 3700 from bob and promioen the aulto to be conploted by thareh 25. Mareh 25 vte dellvere 10 altered buelnese auila to bob. March 30 pay utilition of 595 tor the current poriod. Siroh 31 pay dividenda of $150 to itooktholders. Problem 2-7A Part 2 and 3