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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 $14,300 cash in the business in exchange for common stock. 2. Andrea contributed $28,000 of photography equipment to the business. 3. The company paid $2,900 cash for an insurance policy covering the next 24 months. 4. The company received $6,500 cash for services provided during January 5. The company purchased $7,000 of office equipment on credit. 6. The company provided $3,550 of services to customers on account. 7. The company paid cash of $2,300 for monthly rent. 8. The company paid $3,900 on the office equipment purchased in transaction #5 above. 9. Paid $355 cash for January utilities. Based on this information, the balance in the cash account at the end of January would be: Multiple Choice $16,850 O $51.850. O $14,895. O $11,345. O $21,100

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