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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 $14,700 cash in the business. 2. Andrea contributed $32,000 of photography equipment to the business. 3. The company paid $3,300 cash for an insurance policy covering the next 24 months 4. The company received $6.900 cash for services provided during January 5. The company purchased $7,400 of office equipment on credit. 6. The company provided $3,950 of services to customers on account 7. The company paid cash of $2,700 for monthly rent. 8. The company paid $4,300 on the office equipment purchased in transaction #5 above. 9. Pald $395 cash for January utilities Based on this information, the balance in the cash account at the end of January would be: Based on this information, the balance in the cash account at the end of January would be: Multiple Choice $57,050 $10,905 $22,300 $17,650 $14,855
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