Larry Bar opened a frame shop and completed these transactions: 1. Larry started the shop by investing $40,800 cash and equipment valued at $18,800 in exchange for common stock 2. Purchased $150 of office supplies on credit. 3. Paid $2,000 cash for the receptionist's salary. 4. Sold a custom frame service and collected $5,300 cash on the sale. 5. Completed framing services and billed the client $280 What was the balance of the cash account after these transactions were posted? Multiple Choice $11,350. $11,630 $44,100 $44,230