l peitent and rounded to one decimal) 3Compute the (3) Debt ratio, 1 9.5% Yi Min started engine ransactions in the ledger included follo an engineering firm called Min Engineering. He began operations and completed seven Problem 2-6A May, which included his initial investment of $18,000 cash. After those seven transactions, Analyzing account ded the following accounts with normal balances. balances and reconstructing transactions C1 C3 A1 P2 $37,600 890 4,600 12,900 12,900 18,000 3,370 36,000 7,540 Prepaid insurance... Office equipment Y. Min, Capital.. Y. Min, Withdrawals Engineering fees earned Rent expense Required 1. Prepare a trial balance for this business as of the end of May. 2. The following seven transactions produced the account balances shown above. Check (1) Trial balance totals, $66,900 (2) Ending Cash a. Y. Min invested $18,000 cash in the business. b. Paid $7,540 cash for monthly rent expense for May c. Paid $4,600 cash for this year's insurance premium beginning immediately. balance, $37,600 Purchased office supplies for $890 cash. Purchased $12,900 of office equipment on credit ( e. with accounts payable). t Received $36,000 cash for engineering services provided in May. 9. Y. Min withdrew $3,370 cash for personal use. a Cash T-account, enter the cash effects (if any) of each transaction, and compute the ending ala epare nce (code each entry in the T-account with one of the transaction codes a through g). Humble Mana PROBLEM SET B fu huciness and completed these transactions in September