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Balance of the cash account

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Reference no: EM132420283

Marco Nelson opened a frame shop and completed these transactions:

  1. Marco started the shop by investing $41,700 cash and equipment valued at $19,700 in exchange for common stock.
  2. Purchased $240 of office supplies on credit.
  3. Paid $2,900 cash for the receptionist's salary.
  4. Sold a custom frame service and collected $6,200 cash on the sale.
  5. Completed framing services and billed the client $370.

What was the balance of the cash account after these transactions were posted?

Reference no: EM132420283

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