The following seven transactions produced the account balances shown above.

1. Y. Min invested $18,500 cash in the business in exchange for common stock.
2. Paid $7,800 cash for monthly rent expense for May.
3. Paid $4,500 cash in advance for the annual insurance premium beginning the next period.
4. Purchased office supplies for $1,050 cash.
5. Purchased $12,800 of office equipment on credit (with accounts payable).
6. Received $39,000 cash for engineering services provided in May.
7. The company paid a $3,770 cash dividend.

2.Cash T-account for the above transaction, and compute the ending Cash balance. Code each entry with one of the transaction codesathroughg

Cash$40,380

Office supplies1,050

Prepaid insurance4,500

Office equipment12,800

Accounts payable12,800

Common Stock18,500

Dividends3,770

Engineering fees earned39,000

Rent expense7,800