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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.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. Paid $275 cash for January utilities.
Problem 1: Based on this information, the balance in the cash account at the end of January would be:
A: 41,450.00B: 12,225.00C: 18,700.00D: 15,250.00
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