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These transactions were completed by the art gallery opened by Zed Bennett. a.Bennett started the gallery,Artery,by investing $40,000 cash and equipment valued at $18,000 in exchange for common stock.
b.Purchased $70 of office supplies on credit.
c.Paid $1,200 cash for the receptionist's salary.
d.Sold a painting for an artist and collected a $4,500 cash commission on the sale.
e.Completed an art appraisal and billed the client $200.
What was the balance of the cash account after these transactions were posted?
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