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Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $41,900 cash and equipment valued at $19,900 in exchange for common stock. Purchased $260 of office supplies on credit. Paid $3,100 cash for the receptionist's salary. Sold a custom frame service and collected $6,400 cash on the sale. Completed framing services and billed the client $390. What was the balance of the cash account after these transactions were posted?

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Karabo99

Answer:

The balance of the cash account after these transactions were posted is $45,200

Explanation:

cash balance after these transaction = Cash Investing in Shop - Paid cash for receptionist salary + Receive cash from sale of frame

                                                              = $41,900 - $3,100 + $6,400

                                                             = $45200

Therefore, The balance of the cash account after these transactions were posted is $45,200

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