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.
1. Record each transaction.
2. Post each transaction to the appropriate T-accounts.
3. Calculate the balance of each account at March 31.
4. Prepare a trial balance as of March 31.
Ute uses the following accounts:
Cash, Supplies, Equipment, Accounts Payable, Deferred Revenue, Notes Payable, Common Stock, Dividends, Service Revenue, Rent Expense, and Utilities Expense.

Part 1

March 1

Debit : Cash  $1,400

Credit : Common Stock  $1,400

March 3

Debit : Equipment  $1,100

Credit : Note Payable $1,100

March 5

Debit : Rent Expense $440

Credit : Cash $440

March 7

No Entry

March 12

Debit : Supplies $114

Credit : Accounts Payable  $114

March 15

Debit : Cash $640

Credit : Service Revenue $640

March 19

Debit : Cash $540

Credit : Deferred Revenue $540

March 25

Debit : Deferred Revenue $540

Credit : Service Revenue $540

March 30

Debit : Utilities Expense $79

Credit : Cash $79

March 31

Debit : Dividends $70

Credit : Cash $70

Part 2 and Part 3

Cash : Debit = $1,400 + $640 + $540 Credit = $440 + $79 + $70, Balance = 1,991 Debit

Common Stock : Debit =   Credit = $1,400 , Balance = 1,400 Credit

Equipment : Debit = $1,100  Credit = , Balance = 1,110 Debit

Note Payable : Debit =   Credit = $1,100 , Balance = 1,100 Credit

Rent Expense : Debit = $440  Credit = , Balance = $440 Debit

Supplies : Debit = $114   Credit = , Balance = $144 Debit

Accounts Payable : Debit =   Credit = $114 , Balance = $114 Credit

Service Revenue : Debit =   Credit = $640 + $540 , Balance = $1,180 Credit

Deferred Revenue : Debit =  $540  Credit = $540 , Balance = $ 0

Utilities Expense : Debit = $79  Credit = , Balance = $79 Debit

Dividends : Debit = $70  Credit = , Balance = $70 Debit

Part 4

Sewing Shop

Trial balance as at March 31

                                                           Debit                 Credit

Cash                                                 $ 1,991

Common Stock                                                           $1,400

Equipment                                         $1,110

Note Payable                                                               $1,100

Rent Expense                                    $440

Supplies                                              $144

Accounts Payable                                                          $114

Service Revenue                                                         $1,180

Deferred Revenue                               $ 0                       $0

Utilities Expense                                 $79

Dividends                                                                        $70

Totals                                               $3,864               $3,864

Explanation:

To successfully tackle the question, follow the steps :

The Trial Balance is used to check mathematical accuracy. It is a list of Debit and Credit extracted from Balances from the Ledger Accounts.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer/// the grapefruit that guarantees you will loss five pounds a week;