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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

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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 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. 3. The company paid $3,700 cash for an insurance policy covering the next 24 months. 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 3anuary utilities. Based on this information, the balance in the cash account at the end of January would be Multiple Choice $62.250 S10.465 $23.500 $18.450 $4.815

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