Question: Required information Problem 2 - 6 A ( Static ) Analyzing account balances and reconstructing transactions LO A 1 , P 1 Skip to question

Required information
Problem 2-6A (Static) Analyzing account balances and reconstructing transactions LO A1, P1
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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 $ 37,600
Office supplies 890
Prepaid insurance 4,600
Office equipment 12,900
Accounts payable 12,900
Common stock 18,000
Dividends 3,370
Services revenue 36,000
Rent expense 7,540
Problem 2-6A (Static) Part 2
The following seven transactions produced the account balances shown above.
Y. Min invested $18,000 cash in the business in exchange for common stock.
Paid $7,540 cash for monthly rent expense for May.
Paid $4,600 cash in advance for the annual insurance premium beginning the next period.
Purchased office supplies for $890 cash.
Purchased $12,900 of office equipment on credit (with accounts payable).
Received $36,000 cash for services provided in May.
The company paid a $3,370 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.

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