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25 A compary opened on January 1 of the current year. Dunng January, the following transactions occurred and were rocorded in the company's books: 1.
25
A compary opened on January 1 of the current year. Dunng January, the following transactions occurred and were rocorded in the company's books: 1. The company recelved $14,000 cach for services provided. 2. The company pald $2.600 cash for an insurance policy covering the next 24 montha, 3. The company recotved $6,200 cash for servicos pronded 4. The company purchased $6,700 of office equipment on credit. 5. The company provided $3.250 of services to customers on account. 6. The compary paid cash of $2,000 for monthly rent. 7. The compary pald $3,600 on the office equipment purchaced in transaction F5 above. 8. Paid $325 cash for January untutes. Based on this information, the balance in the cach account at the end of January would be: Mutiple choice $47900 520200 \$1.573. sta,92s Step by Step Solution
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