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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 in exchange for common stock.
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 $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?
Wye-Connected
A method of connecting three-phase motors and generators where the end of each of the three coils is connected to form a 'Y' shape, also known as a star connection.
Line Voltage
The voltage present in the electrical power transmission lines available for end users or machinery.
Phase Voltage
The voltage measured in a single phase of a multi-phase system, often used in the analysis of electrical power distribution.
Square Root
The value that, when multiplied by itself, gives the original number. It is often represented by the radical symbol √.
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