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The following seven transactions produced the account balances shown above. a. Y. Min invested $23,000 cash in the business. b. Paid $8,390 cash for monthly

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The following seven transactions produced the account balances shown above. a. Y. Min invested $23,000 cash in the business. b. Paid $8,390 cash for monthly rent expense for May. c. Paid $5,400 cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $810 cash. e. Purchased $11,000 of office equipment on credit (with accounts payable). f. Received $43,000 cash for engineering services provided in May. g. Y. Min withdrew $4,321 cash for personal use. 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. 23,000 8,390 5,400 810 43.000 End. Bal

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