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At the beginning of the current year, Trenton Company's total assets were $262.000 and its total liabilities were $182,000. During the year. the company reported

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At the beginning of the current year, Trenton Company's total assets were $262.000 and its total liabilities were $182,000. During the year. the company reported total revenues of $107,000, total expenses of $83,000 and dividends of $12,000. There were no other changes in equity during the year and total assets at the end of the year were $274,000. Trenton Company's debt ratio at the end of the current year is: 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 $15.400 cash in the business in exchange for common stock 2. Andrea contributed $39,000 of photography equipment to the business 3. The company paid $4.000 cash for an insurance policy covering the next 24 months 4. The company received $7,600 cash for services provided during January 5. The company purchased $8.100 of office equipment on credit 6. The company provided $4,650 of services to customers on account 7. The company paid cash of $3,400 for monthly rent 8. The company pale $5,000 on the office equipment purchased in transaction 15 above 9. Paid $465 cash for January utilities Based on this information, the balance in the cash account at the end of January would be

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