Question: Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,700 cash and equipment valued at $18,700. Purchased $140

Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,700 cash and equipment valued at $18,700. Purchased $140 of office supplies on credit. Paid $1,900 cash for the receptionist's salary. Sold a custom frame service and collected $5,200 cash on the sale. Completed framing services and billed the client $270. What was the balance of the cash account after these transactions were posted? Multiple Choice $11,460. $44,000

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