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40 Apple opened Apple Photographhy, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's

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40 Apple opened Apple Photographhy, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1 Andrea, the stockcholder, Invested $14,100 cash in the business. 2. Andrea contributed $26,000 of photography equipment to the business. 3. The company paid $2,700 cash for an insurance policy covering the next 24 months 4. The company received $6,300 cash for services provided during January 5. The company purchased $6,800 of office equipment on credit 6. The company provided $3,350 of services to customers on account 7. The company paid cash of $2100 for monthly rent. 8. The company pald $3,700 on the office equipment purchased in transaction #5 above. 9. Paid $335 cash for January utilities Based on this Information, the balance in the stockholders' equity reported on the Balance Sheet at the end of the month would be O $39.800 $47,315 O $36,815 O $46,400 $38.350

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