4.00 points Andrea Apple opened Apple Photography, Inc. on January 1 of the current year....
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4.00 points Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1 Andrea, the stockholder, invested $15,200 cash in the business. 2. Andrea contributed $37,000 of photography equipment to the business 3. The company paid $3,800 cash for an insurance policy covering the next 24 months. 4. The company received $7,400 cash for services provided during January 5. The company purchased $7.900 of office equipment on credit. 6. The company provided $4,450 of services to customers on account. 7. The company paid cash of $3,200 for monthly rent. 8. The company paid $4,800 on the office equipment purchased in transaction #5 above. 9. Paid $445 cash for January utilities. Based on this information, the balance in the cash account at the end of January would be $63,550 0 0 O O $10,355. $23,800 $18,650 $14,805
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