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Required information [ The following information applies to the questions displayed below. ] Yi Min started an engineering firm called Min Engineering. He began operations

Required information
[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 $20,000 cash. After those seven transactions, the ledger included the following
accounts with normal balances.
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 $9,620 cash for monthly rent expense for May.
c. Paid $4,600 cash in advance for the annual insurance premium beginning the next period.
d. Purchased office supplies for $830 cash.
e. Purchased $11,500 of office equipment on credit (with accounts payable).
f. Received $45,000 cash for services provided in May.
g. The company paid a $3,879 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.
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