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YiMin started an engineering firm called Min Engineering. He began operations and completed seven transactions...

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Accounting

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YiMin started an engineering firm called Min Engineering. He began operations and completed seven transactions in May. which included his initial investment of $22.500 cash. Ater 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 $22,500 cash in the business in exchange for common stock. b. Paid $9,960 cash for monthly rent expense for May. c. Paid $5200cash in advance for the annual insurance premium beginning the next period. d. Purchased office supplies for $1,020 cash e. Purchosed $12,200 of office equipenent on creds ( w th accounts payable). 1. Recelved $42,000 cash for services provided in May. 9. The company paid a $4,005 cash dividend. 2. Prepare a Cash T-account for the above vansactions, and compute the ending Cash balance. Code each entry with one of the transaction codes a through g

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