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i [ The following information applies to the questions displayed below. ] Required: Prepare a trial balance for this business as of the end of

i [The following information applies to the questions displayed below.] Required:
Prepare a trial balance for this business as of the end of May. 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 $8,060 cash for monthly rent expense for May.
c. Paid $4,500 cash in advance for the annual insurance premium beginning the next period.
d. Purchased office supplies for $910 cash.
e. Purchased $13,500 of office equipment on credit (with accounts payable).
f. Received $37,000 cash for services provided in May.
g. The company paid a $4,289 cash dividend.
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.
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven
transactions in May, which included his initial investment of $22,000 cash. After those seven transactions, the
ledger included the following accounts with normal balances.
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