20 Saved Help Save & Exit Submit Check my work of 2 Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $24,000 cash. After those seven transactions, the ledger included the following accounts with normal balances. Cash Office supplies $ 44,379 ok 860 Prepaid insurance 4,800 Office equipment 14,700 Accounts payable 14,700 Common stock 24,000 Dividends 3,601 Services revenue 37,000 Rent expense 7,360 ences The following seven transactions produced the account balances shown above. a. Y. Min invested $24,000 cash in the business in exchange for common stock. b. Paid $7,360 cash for monthly rent expense for May. c. Paid $4,800 cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $860 cash. e. Purchased $14,700 of office equipment on credit (with accounts payable). f. Received $37,000 cash for services provided in May. g. The company paid a $3,601 cash dividend. 2. Prepare a Cash T-account for the above transactions, and compute the ending Cash balance. Code each entry with one of the transaction codes a through g. Beginning Balance Cash 0 IG S < Prev 2 G2 of 2 Next >