Question: Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,700 cash and equipment valued at $18,700

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

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,700 cash and equipment valued at $18,700 in exchange for common stock. 2. Purchased $140 of office supplies on credit. 3. Paid $1900 cash for the receptionist's salary. 4. Sold a custom frame service and collected $5200 cash on the sale. 5. Completed framing services and billed the client $270. What was the balance of the cash account after these transactions were posted?

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