Question

Esit Subn Marco Nelson opened a frame shop and completed these transactions t Marco started the shop by investing $40,900 cash and equipment valued at $18,900 in exchange for common stock 2. Purchased SİSO of orice supplies on credit. 3. Paid $2,100 cash for the receptionist's salary. ● Sold a customer erne service and collected $5.400 cash on the sale. d framing services and billed the client $290 $11240 $44.200 $44,490 < Plex 31 of 54 Eİİ Next > :40 PM 2/10/2019

Answer 1

Computation of Ending cash balance after these transaction:

Answer is $44200.

Explanation:

Cash Investing in Shop = $40900

Less: Paid cash for receptionist salary = $2100

Add: Receive cash from sale of frame = $5400

cash balance after these transaction = $40900 - $2100 + $5400 = $44200