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 $13,500 cash for services provided.

The company paid $2,100 cash for an insurance policy covering the next 24 months.

The company received $5,700 cash for services provided.

The company purchased $6,200 of office equipment on credit.

The company provided $2,750 of services to customers on account.

The company paid cash of $1,500 for monthly rent.

The company paid $3,100 on the office equipment purchased in transaction #5 above.

Paid $275 cash for January utilities.

Based on this information, the balance in the cash account at the end of January would be:

Multiple Choice

$13,500.

$41,450.

$15,250.

$18,700.

$12,225.