On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages of Le, 2,400 were owed and Le 8,000 were paid. Using the information, wages recorded in the balance sheet as at 30/6/08 is
A Le 12,400
B Le 6,000
C Le 2,400
D Le 2,000
Answer is C
