15) Larry Bar opened a frame shop and completed these transactions: 1) Larry started the shop by investing $40,000 cash and equipment valued at $18,000. 2) Purchased $70 of office supplies on credit. Paid $1,200 cash for the receptionist's salary. 3) Sold a custom frame service and collected $1,500 cash on the sale. 4)Completed framing services and billed the client $200. What was the balance of the cash account after these transactions were posted? 7 Points O $40,300. O $300. O $41,500. O $38,500