Use the information below to answer the question Total sales of ticket...........

Question

Use the information below to answer the question

Total sales of ticket.......................₦300 000

Amount received from the sales..............₦260 000

Cash purchase of club house.................₦100 000

Credit purchase of equipment ...............₦60 000

Electricity bill paid ......................₦5 000

Salaries owed ..............................₦2 000

What is the balance of the income and expenditure account?

Options

B)

₦293 000