Question: YiMin started an engineering firm called Min Engineering. He began operations and completed seven transactions in May. which included his initial investment of $22.500 cash.

 YiMin started an engineering firm called Min Engineering. He began operations

YiMin started an engineering firm called Min Engineering. He began operations and completed seven transactions in May. which included his initial investment of $22.500 cash. Ater those seven transactions, the ledger included the following accounts with normal balances. The following seven transactions produced the account balances shown above: a. Y. Min invested $22,500 cash in the business in exchange for common stock. b. Paid $9,960 cash for monthly rent expense for May. c. Paid $5200cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $1,020 cash e. Purchosed $12,200 of office equipenent on creds ( w th accounts payable). 1. Recelved $42,000 cash for services provided in May. 9. The company paid a $4,005 cash dividend. 2. Prepare a Cash T-account for the above vansactions, and compute the ending Cash balance. Code each entry with one of the transaction codes a through g

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