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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:

image text in transcribed

Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:

  1. Andrea invested $13,600 cash in the business in exchange for common stock.
  2. Andrea contributed $21,000 of photography equipment to the business.
  3. The company paid $2,200 cash for an insurance policy covering the next 24 months.
  4. The company received $5,800 cash for services provided during January.
  5. The company purchased $6,300 of office equipment on credit.
  6. The company provided $2,850 of services to customers on account.
  7. The company paid cash of $1,600 for monthly rent.
  8. The company paid $3,200 on the office equipment purchased in transaction #5 above.
  9. Paid $285 cash for January utilities.

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

Multiple Choice $42,750. O O $15,450. O O $12,115. O $19,000 $19.000. O $14,965

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