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Question - Marco Nelson opened a frame shop and completed these transactions:
1. Marco started the shop by investing $40,000 cash and equipment valued at $18,000.
2. Purchased $70 of office supplies on credit.
3. Paid $1,200 cash for the receptionist's salary.
4. Sold a custom frame service and collected $1,500 cash on the sale.
5. Completed framing services and billed the client $200.
Required - What was the balance of the cash account after these transactions were posted?
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