Question: Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,600 cash and equipment valued at $19,600 in

Marco Nelson opened a frame shop and completed these transactions: 1.

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,600 cash and equipment valued at $19,600 in exchange for common stock. 2. Purchased $230 of office supplies on credit. 3. Paid $2,800 cash for the receptionist's salary. 4. Sold a custom frame service and collected $6,100 cash on the sale. 5. Completed framing services and billed the client $360. What was the balance of the cash account after these transactions were posted? Multiple Choice $10,470. $10,830. $44,900. 0 $45,030 $45,260

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