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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 and completed

image text in transcribedimage text in transcribed 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 $22,000 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 $22,000 cash in the business in exchange for common stock. b. Paid $9,820 cash for monthly rent expense for May. c. Paid $5,200 cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $1,070 cash. e. Purchased $11,300 of office equipment on credit (with accounts payable). f. Received $43,000 cash for services provided in May. g. The company paid a $3,148 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. 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 $22,000 cash. After those seven transactions, the ledger included the following accounts with normal balances. Required: 1. Prepare a trial balance for this business as of the end of May

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