Use the information below to answer the question.On January 1, 2000, a club's ass...

Question

Use the information below to answer the question.

On January 1, 2000, a club's assets and liabilities were as follows:

Club house...................₦8,000
Subscription.................₦300
Cash.........................₦1,000
Wages owed...................₦100

The club has 50 members, and the annual subscription is ₦100 per member.

Subscription received is ₦4,000, and this includes 1999 arrears of ₦200.

The accumulated fund is

Options

C)

₦9,200