3 2 of 2 Book Print rences Yi Min started an engineering firm called Min Engineering He began operations and completed seven

Question

3 2 of 2 Book Print rences Yi Min started an engineering firm called Min Engineering He began operations and completed seven transactions in May which included his initial investment of 20 000 cash After those seven transactions the ledger included the following accounts with normal balances Cash Office supplies Prepaid insurance office equipment Accounts payable Common stock Dividends Services revenue Rent expense 43 909 1 130 4 400 12 600 12 600 20 000 3 081 40 000 7 480 The following seven transactions produced the account balances shown above a Y Min invested 20 000 cash in the business in exchange for common stock b Paid 7 480 cash for monthly rent expense for May c Paid 4 400 cash in advance for the annual insurance premium beginning the next period d Purchased office supplies for 1 130 cash e Purchased 12 600 of office equipment on credit with accounts payable f Received 40 000 cash for services provided in May g The company paid a 3 081 cash dividend Cash 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 Check

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