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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 $15,100 cash in the business in exchange for common stock. 2. Andrea contributed $36,000 of photography equipment to the business in exchange for common stock. 3. The company paid $3,700 cash for office furniture. 4. The company received $7,300 cash for services provided during January. 5. The company purchased $7,800 of office equipment on credit. 6. The company provided $4,350 of services to customers on account. 7. The company paid cash of $3,100 for monthly rent. 8. The company paid $4,700 on the office equipment purchased in transaction #5 above. 9. Paid $435 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 $53,800. O $58,400. O $50,350. $59,215. O O $46,715
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