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Use the information below to answer the question.Subscription......................


Question

Use the information below to answer the question.

Subscription.....................₦5420
Canopy rent......................₦400
Wages............................₦1100
Post-ages........................₦300
Loss from bar....................₦160
Purchases of new furniture.......₦120
Premises.........................₦4000
Furniture at the beginning.......₦1120

What is the cash balance in the receipts and payments account?

Options

A)
₦2 520
B)
₦2600
C)
₦3000
D)
₦120
E)
No option

The correct answer is E.


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