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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 $15,000 cash in the business in exchange for common stock. 2. Andrea contributed $35,000 of photography equipment to the business. 3. The company paid $3,600 cash for an insurance policy covering the next 24 months 4. The company received $7,200 cash for services provided during January 5. The company purchased $7,700 of office equipment on credit. 6. The company provided $4,250 of services to customers on account. 7. The company pod cash of $3,000 for monthly rent 8. The company paid $4,600 on the office equipment purchased in transaction #5 above. 9. Paid $425 cash for January utilities Based on this information, the balance in the cash account at the end of January would be Multiple Choice 0 O $60,950 0 O $10,575 0 O $238.200 0 O $18.250 0 $14.025 the end of its first month of operations, JMP Consulting reported net income of $31.900. They also had account balances of Cash, $22.600, Office Supplies, $3,150, and Accounts Receivable otal investments for this first month was $6,150. There were no dividends in the first month. 12.300 Stockholders' Calculate the amount of total stockholders' equity reported on the balance sheet at month-end

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