Ask Question
26 March, 18:56

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash. After those seven transactions, the ledger included the following accounts with normal balances. Cash $ 37,600 Office supplies 890 Prepaid insurance 4,600 Office equipment 12,900 Accounts payable 12,900 Common stock 18,000 Dividends 3,370 Engineering fees earned 36,000 Rent expense 7,540 Required: 1. Prepare a trial balance for this business as of the end of May.

+2
Answers (1)
  1. 26 March, 22:48
    0
    Trial balance for Yi Min

    on the May 31, YY

    Dr. Cr.

    $ $

    Cash 37,600

    Office supplies 890

    Prepaid insurance 4,600

    Office equipment 12,900

    Dividends 3,370

    Rent expense 7,540

    Accounts payable 12,900

    Common stock 18,000

    Engineering fees earned 36,000

    66,900 66,900
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers