Larry Bar opened a frame shop and completed these transactions:

1. Larry started the shop by investing $41,500 cash and equipment valued at $19,500 in exchange for common stock.
   
2. Purchased $220 of office supplies on credit.
   
3. Paid $2700 cash for the receptionist's salary.
   
4. Sold a custom frame service and collected $6000 cash on the sale.
   
5. Completed framing services and billed the client $350.
   

What was the balance of the cash account after these transactions were posted?

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