Marco Nelson opened a frame shop and completed these transactions: Sold custom frames and immediately collected $41,600
Posted: Tue Jul 05, 2022 1:35 pm
Marco Nelson opened a frame shop and completed these transactions:
Sold custom frames and immediately collected $41,600 cash for the sale.
Purchased $230 of office supplies on credit.
Paid $2,800 cash for the receptionist's salary.
Sold a custom frame service and collected $6,100 cash on the sale.
Completed framing services and billed the client $360.
What was the balance of the cash account after these transactions were posted?
Multiple Choice
$45,260.
$10,830.
$10,470.
$44,900.
$45,030.
Sold custom frames and immediately collected $41,600 cash for the sale.
Purchased $230 of office supplies on credit.
Paid $2,800 cash for the receptionist's salary.
Sold a custom frame service and collected $6,100 cash on the sale.
Completed framing services and billed the client $360.
What was the balance of the cash account after these transactions were posted?
Multiple Choice
$45,260.
$10,830.
$10,470.
$44,900.
$45,030.