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Based on below information, the balance in the cash account at the end of January would be? A company opened on January 1 of the
Based on below information, the balance in the cash account at the end of January would be?
A company opened on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. The company received $13,600 cash for services provided. 2. The company paid $2,200 cash for an insurance policy covering the next 24 months. 3. The company received $5,800 cash for services provided. 4. The company purchased $6,300 of office equipment on credit. 5. The company provided $2,850 of services to customers on account. 6. The company paid cash of $1,600 for monthly rent. 7. The company paid $3,200 on the office equipment purchased in transaction # 5 above. 8. Paid $285 cash for January utilities.
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