Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,200 cash and equipment valued at $18,200 in exchange for common stock. Purchased $90 for office supplies on credit. Paid $1,400 cash for the receptionist's salary. Sold a custom frame service and collected $4,700 cash on the sale. Completed framing services and billed the client $220. What was the balance of the cash account after these transactions were posted?

To determine the balance of the cash account after the transactions, we need to calculate the impact of each transaction on the cash account. We can use a table to track the transactions:

1. Marco started the shop by investing $ 40,200 cash and equipment valued at $18,200 in exchange for common stock. - Increase in cash: +$40,200

2. Purchased $90 for office supplies on credit. No immediate impact on cash because the supplies were purchased on credit.

3. Paid $1,400 cash for the receptionist's salary. Decrease in cash: -$1,400

4. Sold a custom frame service and collected $4,700 cash on the sale. - Increase in cash: +$4,700

5. Completed framing services and billed the client $220. No immediate impact on cash because the service was billed to the client, not paid in cash.

Now let's calculate the net change in the cash:

Starting cash: $0 (assuming the cash account starts at zero before the investment) + Investment: $40,200 - Office supplies on credit: $0 (since it doesn't affect cash) - Salary payment: $1,400 + Service sale (cash collected): $4,700 + Service billed (no cash received): $0

Net change in cash

= $40,200 - $1,400 + $4,700

= $43,500

Therefore, the balance of the cash account after these transactions would be $43,500.