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Prepare a report of cash received

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Question - Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $23,500 cash. After those seven transactions, the ledger included the following accounts with normal balances.

Cash $ 45,910

Office supplies 1,000

Prepaid insurance 4,500

Office equipment 11,200

Accounts payable 11,200

Common stock 23,500

Dividends 3,430

Engineering fees earned 41,000

Rent expense 9,660

Prepare a report of cash received and cash paid showing an ending Cash balance of $45,910.

Reference no: EM132046092

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