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 $23,500 cash. After those seven transactions, the ledger included the following accounts with normal balances. $ 49,215 Cash Office supplies Prepaid insurance office equipment Accounts payable Common stock 1,100 4,900 10,700 10,700 23,500 Dividends 4,345 Engineering fees earned 44,000 Rent expense 7,940 The following seven transactions produced the account balances shown above. a. Y. Min invested $23,500 cash in the business in exchange for common stock. b. Paid $7,940 cash for monthly rent expense for May c. Paid $4,900 cash in advance the annual for insurance premium beginning the next period. d. Purchased office supplies for $1,100 cash. e. Purchased $10,700 of office equipment on credit (with accounts payable). f. Received $44,000 cash for engineering services provided in May g. The company paid $4,345 cash in dividends. 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). Cash Beg. Bal 0 End, Bal