Use the following information to answer the given question
| # | |
| Debtors (1/1/98) | 2,000 |
| Debtors (31/12/98) | 1,250 |
| Cash received from debtors | 6,000 |
| Bad debt written off | 750 |
| Discount allowed | 500 |
| Discount received | 125 |
A. N8,500
B. N6,625
C. N6,500
D. N6,000
Correct Answer:
Option C – N6,500
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