Andrea Apple Opened Apple Photography, Inc

question 78

Multiple Choice

Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea, the stockholder, 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.
Based on this information, the balance in the cash account at the end of January would be:

• A)$41,450.
• B)$12,225.
• C)$18,700.
• D)$15,250.
• E)$13,500.

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Definitions:

Leptin Levels

Concentrations of leptin, a hormone produced by fat cells that is involved in regulating appetite and energy balance.

Arcuate Nucleus

A nucleus located in the hypothalamus that plays a crucial role in appetite regulation and other neuroendocrine functions.

Hypothalamus

This brain section, found below the thalamus, plays a key role in directing the operations of the autonomic nervous system and the pituitary gland's output, ensuring the regulation of crucial bodily processes including temperature, thirst, hunger, and the balance of bodily systems.

Serotonin

A neurotransmitter in the brain that affects mood, emotion, sleep, and appetite.