The cash balance at the end of the period is?

Use the following information to answer the question below

April 11:Sold goods for cash N50,000
April 20: Bought goods for cash N30,000
April 26: Bought postage stamp N5,000
April 28: Cash sales N49,000
April 29: Cash purchases N11,000
April 30: Paid salaries of N18,000

A. N99,000
B. N64,000
C. N35,000
D. N34,000

Correct Answer:

Option C = N35,000

Explanation

cash balance = cash sales – expenses

99,000 – (30,000 + 5,000 + 11,000 + 18,000)
99,000 – 64,000 = 35,000