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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
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 $15,500 cash in the business in exchange for common stock 2. Andres contributed $40,000 of photography equipment to the business in exchange for common stock 3. The company paid $4.100 cash for office furniture 4. The company received 57700 cash for services provided during January 5. The company purchased $8,200 of office equipment on credit 6. The company provided $4,750 of services to customers on account 7. The company pold cash of $3,500 for monthly rent 8. The company paid 55,100 on the office equipment purchased in transaction #5 above. 9. Paid $475 cash for January Utilities Based on this information, the amount reported as total stockholders' equity on the balance sheet at month-end would be Multiple Choice 559.400 563 200 $55150 563975 550.675
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