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Requlred Informetlon [The following information applies to the questions displayed below. Yi Min started an engineering firm called Min Engineering. He began operations and completed

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Requlred Informetlon [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 $25,000 cash. After those seven transactions, the ledger included the following accounts with normal balances. Cash Office supplies Prepaid insurance Office equipment Accounts payable Common stock Dividends Engineering fees earned Rent expense 49,842 878 4, 788 12,880 12,888 25,8e 4,428 44,888 9,968 The following seven transactions produced the account balances shown above a. Y. Min invested $25,000 cash in the business in exchange for common stock. b. Paid $9,960 cash for monthly rent expense for May. c. Paid $4,700 cash in advance the annual for insurance premium beginning the next period. d. Purchased office supplies for $870 cash. e. Purchased $12,800 of office equipment on credit (with accounts payable). f. Received $44,000 cash for engineering services provided in May. g. The company paid $4,428 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). Beg. Bal End. Bal

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