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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the...

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Accounting

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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 $13,500 cash in the business in exchange for common stock. 2. Andrea contributed $20,000 of photography equipment to the business. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Pald $275 cash for January utilities. Based on this information, the balance in the cash account at the end of January would be Multiple Choice O $15,250. $18,700. $12,225. O $13.500. $13,500. $41,450

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