Andrea Apple opened Apple Photography on January 1 of thecurrent year. During January, the following transactions occurredand were recorded in the company's books: 1. Andrea invested$14,100 cash in the business. 2. Andrea contributed $26,000 ofphotography equipment to the business. 3. The company paid $2,700cash for an insurance policy covering the next 24 months. 4. Thecompany received $6,300 cash for services provided during January.5. The company purchased $6,800 of office equipment on credit. 6.The company provided $3,350 of services to customers on account. 7.The company paid cash of $2,100 for monthly rent. 8. The companypaid $3,700 on the office equipment purchased in transaction #5above. 9. Paid $335 cash for January utilities. Based on thisinformation, the balance in the cash account at the end of Januarywould be:
Andrea Apple opened Apple Photography on January 1 of thecurrent year. During January, the following transactions occurredand were recorded in the company's books: 1. Andrea invested$14,100 cash in the business. 2. Andrea contributed $26,000 ofphotography equipment to the business. 3. The company paid $2,700cash for an insurance policy covering the next 24 months. 4. Thecompany received $6,300 cash for services provided during January.5. The company purchased $6,800 of office equipment on credit. 6.The company provided $3,350 of services to customers on account. 7.The company paid cash of $2,100 for monthly rent. 8. The companypaid $3,700 on the office equipment purchased in transaction #5above. 9. Paid $335 cash for January utilities. Based on thisinformation, the balance in the cash account at the end of Januarywould be:
Related questions
[The following information applies to the questions displayed below.]
| Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. |
| May 1 | G. Gram invested $40,000 cash in the company in exchange for its common stock. |
| 1 | The company rented a furnished office and paid $2,200 cash for Mayâs rent. |
| 3 | The company purchased $1,890 of office equipment on credit. |
| 5 | The company paid $750 cash for this monthâs cleaning services. |
| 8 | The company provided consulting services for a client and immediately collected $5,400 cash. |
| 12 | The company provided $2,500 of consulting services for a client on credit. |
| 15 | The company paid $750 cash for an assistantâs salary for the first half of this month. |
| 20 | The company received $2,500 cash payment for the services provided on May 12. |
| 22 | The company provided $3,200 of consulting services on credit. |
| 25 | The company received $3,200 cash payment for the services provided on May 22. |
| 26 | The company paid $1,890 cash for the office equipment purchased on May 3. |
| 27 | The company purchased $80 of advertising in this monthâs (May) local paper on credit; cash payment is due June 1. |
| 28 | The company paid $750 cash for an assistantâs salary for the second half of this month. |
| 30 | The company paid $300 cash for this monthâs telephone bill. |
| 30 | The company paid $280 cash for this monthâs utilities. |
| 31 | The company paid $1,400 cash in dividends to the owner (sole shareholder). |
8.
value:
0.36 points
Required information
| Required: | |
| 2. | Enter the amount of each transaction on individual items of the accounting equation. Do not determine new account balances after each transaction. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign.) |
