What is the cash balance in the receipts and payments account?

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

A. N2 520
B. N2600
C. N3000
D. N120
E. No option

Correct Answer:

Option E – No option