Reference no: EM132576825

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 $14,300 cash in the business.

2. Andrea contributed $28,000 of photography equipment to the business.

3. The company paid $2,900 cash for an insurance policy covering the next 24 months.

4. The company received $6,500 cash for services provided during January.

5. The company purchased $7,000 of office equipment on credit.

6. The company provided $3,550 of services to customers on account.

7. The company paid cash of $2,300 for monthly rent.

8. The company paid $3,900 on the office equipment purchased in transaction #5 above.

9. Paid $355 cash for January utilities.

Question 1: Based on this information, the balance in the cash account at the end of January would be