Min invested $18,000 cash in the business. paid $7,540 cash for monthly rent expense for may. paid $4,600 cash for this year’s insurance premium beginning immediately. purchased office supplies for $890 cash. purchased $12,900 of office equipment on credit (with accounts payable). received $36,000 cash for engineering services provided in may. min withdrew $3,370 cash for personal use. required 1. prepare a trial balance for this business as of the end of may 2.

Explanation:

We must do ledger for each accounts, most of them only got one transaction so we just post them directly.

For cash we must do it as there are several transaction:

       CASH

DEBIT          CREDIT

18,000

                    (7,540)

                    (4,600)

                       (890)

36,000

                    (3,370)

37,600

Assets and expenses goes into debit column

Liabilities, equity and revenues into credit column

a) the medical information

since 1913, the medical knowledge has vastly changed.   medical terms that are today common-knowledge (dna, chemotherapy, etc.) were not even in existence in 1913.

hope this