Larry Bar Opened A Frame Shop And Completed These Transactions:

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Larry Bar Opened A Frame Shop And Completed These Transactions:

1. Larry 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 a $1,500 cash on the sale. 5. 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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$40,300.00

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