Use the information below to answer the question.
Capital…….N12 700……..Purchases……N7 100
Debtors…….N4 000……..Stationery…..N1 900
Sales………N2 400……..Wages……….N1 230
The owners wish to maintain an account equal to capital as drawings.
A. N9525
B. N9000
C. N7100
D. N6400
Correct Answer:
Option A – N9525
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