Please explain each transaction.

I am confused as to how it would look written out.

19. Larry Bar opened an frame shop and completed these transactions: 1. Larry started the shop by investing $40,000 cash and equipment valued at $18,000. 2. Purchased $70 of office supplies on credit. +f Sprs+A 3. Paid $1,200 cash for the receptionist's salary. 4. Sold a custom frame service and collected a $1,500 cash on the sale. 5. Completed framing services and billed the client $200. 7o What was the balance of the cash account after these transactions were posted? A. $300. B. $41,500 C)$40,300 D. $38,500 E. $38,700. 20. Richard Redden contributed zo ooo