JT Spunk | Photography

Andrea Conaway opened Wonderland Photography on January 1 of the current year.?

Andrea Conaway opened Wonderland Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company’s books:
(1.) Conaway invested $13,500 cash in the business.
(2.) Conaway 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.
Based on this information, the balance in the cash account at the end of January would be?

$13,500 – $2,100 + $5,700 – $1,500 – $3,100 – $275 = $12,225

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