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accounts with normal balances. The following seven transactions produced the account balances shown above. a. Y. Min invested $23,000 cash in the business in exchange

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accounts with normal balances. The following seven transactions produced the account balances shown above. a. Y. Min invested $23,000 cash in the business in exchange for common stock. b. Paid $7,710 cash for monthly rent expense for May. c. Paid $5,400 cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $1,020 cash. e. Purchased $11,300 of office equipment on credit (with accounts payable). f. Received $44,000 cash for services provided in May. g. The company paid a $4,290 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. * Answer is complete but not entirely correct

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