Question: Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $21,500 cash. After those seven transactions, the ledger included the following accounts with normal balances. Cash Office supplies $ 47,884 910 Prepaid insurance 4,900 Office equipment 10,200 Accounts payable 10,200 Common stock 21,500 Dividends 4,296 Services revenue 44,000 Rent expense 7,510 Required: 1. Prepare a trial balance for this business as of the end of May. MIN ENGINEERING Trial Balance May 31 Debit Credit
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