Test #16 Saved 19 Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,000 cash and equipment valued at $19,000 in exchange for common stock. 2. Purchased $170 of office supplies on credit. 3. Paid $2,200 cash for the receptionist's salary. 4. Sold a custom frame service and collected $5,500 cash on the sale. 5. Completed framing services and billed the client $300. What was the balance of the cash account after these transactions were posted? 01:19:54 Multiple Choice $44.300 $11.430 $44,600 511130