Marco Nelson opened a frame shop and completed these transactions: Sold custom...
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Accounting
Marco Nelson opened a frame shop and completed these transactions:
Sold custom frames and immediately collected $40,000 cash for the sale.
Purchased $70 of office supplies on credit. Paid $1,200 cash for the receptionist's salary.
Sold a custom frame service and collected $1,500 cash on the sale.
Completed framing services and billed the client $200.
What was the balance of the cash account after these transactions were posted?
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You can see the logs in the Dashboard.