Andrea Apple opened Apple Photography on January 1 of the current year During January the following transactions occurred and

Question

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 office furniture 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 Based on this information the amount reported as Owner Capital on the balance sheet at month end would be Multiple Choice 31 400 39 200

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