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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 th 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 th company's books:
Andrea invested $15,000 cash in the business.
Andrea contributed $35,000 of photography equipment to the business.
The company paid $3,600 cash for office furniture.
The company received $7,200 cash for services provided during January.
The company purchased $7,700 of office equipment on credit.
The company provided $4,250 of services to customers on account.
The company paid cash of $3,000 for monthly rent.
The company paid $4,600 on the office equipment purchased in transaction #5 above.
Paid $425 cash for January utilities.
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