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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.

Cash$ 48,240Office supplies980Prepaid insurance5,000Office equipment12,600Accounts payable12,600Common stock23,500Dividends3,980Services revenue44,000Rent expense9,300

The following seven transactions produced the account balances shown above.

1. Y. Min invested $23,500 cash in the business in exchange for common stock.
2. Paid $9,300 cash for monthly rent expense for May.
3. Paid $5,000 cash in advance for the annual insurance premium beginning the next period.
4. Purchased office supplies for $980 cash.
5. Purchased $12,600 of office equipment on credit (with accounts payable).
6. Received $44,000 cash for services provided in May.
7. The company paid a $3,980 cash dividend.

2. 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.