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 $14,800 cash in the business in exchange for common stock. 2. Andrea contributed $33,000 of photography equipment to the business. 3. The company paid $3400 cash for an insurance policy covering the next 24 months. 4. The company received $7000 cash for services provided during January. 5. The company purchased $7500 of office equipment on credit. 6. The company provided $4050 of services to customers on account. 7. The company paid cash of $2800 for monthly rent. 8. The company paid $4400 on the office equipment purchased in transaction #5 above. 9. Paid $405 cash for January utilities. Based on
this information, the balance in the cash account at the end of January would be:
A. $58,350.
B. $17,850.
C. $10,795.
D. $14,845.
E. $22,600.
Answer: C
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