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Problem 2-6A Analyzing account balances and reconstructing transactions LO C1, C3, A1, P2 [The following information applies to the questions displayed below.) Yi Min started

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Problem 2-6A Analyzing account balances and reconstructing transactions LO C1, C3, A1, P2 [The following information applies to the questions displayed below.) Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $22,500 cash. After those seven transactions, the ledger included the following accounts with normal balances. Cash Office supplies Prepaid insurance office equipment Accounts payable Y. Min, Capital Y. Min, Withdrawals Engineering fees earned Rent expense $ 45,265 840 4,200 10, 680 10,600 22,500 3,045 39,000 8,150 Required information 2 The following seven transactions produced the account balances shown above. a. Min invested $22,500 cash in the business. b. Paid $8,150 cash for monthly rent expense for May, c. Paid $4,200 cash for this year's insurance premium beginning immediately, d. Purchased office supplies for $840 cash. e. Purchased $10,600 of office equipment on credit (with accounts payable). f. Received $39,000 cash for engineering services provided in May. g. Min withdrew $3,045 cash for personal use. 2. Prepare a Cash T-account for the above transaction, and compute the ending Cash balance (code each entry with one of the transaction codes a through g). es Cash Beg Bal 0 End. Bai

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