A company opened on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: The company received $15,000 cash for services provided. The company paid $3,600 cash for an insurance policy covering the next 24 months. The company received $7,200 cash for services provided. The company purchased $7,700 of office equipment on credit. The company provided $4,250 of services to customers on account. The company paid cash of $3,000 for monthly rent. The company paid $4,600 on the office equipment purchased in transaction