Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash. After those seven transactions, the ledger included the following accounts with normal balances.

Cash.........................................................$20,000

Office supplies...............................................750

Prepaid rent................................................1,800

office equipment......................................12,250

Accounts payable.....................................12,250

Common stock.........................................15,000

Dividends....................................................5,200

Consulting fees earned...........................20,400

Miscellaneous expenses...........................7,650

Required
1. Prepare a trial balance for this business as of the end of April.

2. The following seven transactions produced the account balances shown above.

a. Gould invested $15,000 cash in the business in exchange for common stock.

b. Paid $1,800 cash in advance for next month’s rent expense.

c. Paid $7,650 cash for miscellaneous expenses.

d. Purchased office supplies for $750 cash.

e. Purchased $12,250 of office equipment on credit (with accounts payable).

f. Received $20,400 cash for consulting services provided in April.

g. The company paid $5,200 cash in dividends.

Prepare a Cash T-account, enter the cash effects (if any) of each transaction, and compute the ending Cash balance (code each entry in the T-account with one of the transaction codes a through g).