Use the information to answer this question
Receipts and Payment Account (Extract)
N
Bal b/f 3650 Insurance 900
subscription (99) 7500 Rate 11,700
(2000) 1000 Bal c/d 8,050
Fees 8500
20,650 20,650
The following information were given:
| Rates owing Insurance prepaid Subscription in arrears | 1/199 3,600 50 700 | 31/12/99 2000 1000 600 |
Calculate the subscriptions in the Income and expenditure account
A 8400
B 7400
C 6400
D 7200
Answer is B
