The amount owed by Zaria Holdings as at November 29 is?

On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purchases goods worth N69,000 and paid a cheque for N51,600. On November 29, one of the Holdings’ cheques worth N3,000 was returned while the creditor granted a N1,500 discount. The amount owed by Zaria Holdings as of November 29 is?

A. N32,500
B. N32,000
C. N31,000
D. N29,500

Correct Answer:

Option A – N32,500