What is the amount withdrawn?

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