Use the information below to answer questions . subscription…………………N5420 Canopy rent………………….N400 Wages……………………….N1100 Post-ages……………………N300 loss from…

Use the information below to answer questions .
subscription…………………N5420
Canopy rent………………….N400
Wages……………………….N1100
Post-ages……………………N300
loss from bar………………..N160
Purchases of new furniture…….N120
Premises…………………….N4000
Furniture at the beginning…….N1120
What is the cash balance in the receipts and payments account?
  • A.
    N2 520
  • B.
    N2600
  • C.
    N3000
  • D.
    N120
  • E.
    No option
Correct Answer: Option E
Explanation
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