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eBook Print The following seven transactions produced the account balances shown above. a. Y. Min invested $22,000 cash in the business in exchange for common

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eBook Print The following seven transactions produced the account balances shown above. a. Y. Min invested $22,000 cash in the business in exchange for common stock. b. Paid $9.480 cash for monthly rent expense for May. c. Paid $4,000 cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $1,080 cash. e. Purchased $11.600 of office equipment on credit (with accounts payable). f. Received $40,000 cash for engineering services provided in May. g. The company paid a $3,180 cash dividend. 2. Prepare a Cash T-account for the above transaction, and compute the ending Cash balance. Code each entry with transaction codes a through g. Beg Bal a Cash 0 22,000 9,480 fb 4.000 1,080 (d. 40,000 3.1809 177,40 End Bal 62,000

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