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A company opened on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. The
A company opened on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. The company received $15,200 cash for services provided. 2. The company paid $3,800 cash for an insurance policy covering the next 24 months. 3. The company received $7,400 cash for services provided. 4. The company purchased $7,900 of office equipment on credit. 5. The company provided $4,450 of services to customers on account. 6. The company paid cash of $3,200 for monthly rent. 7. The company paid $4,800 on the office equipment purchased in transaction #5 above. 8. Paid $445 cash for January utilities. Based on this information, the balance in the cash account at the end of January would be:
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