What is the balance on its cash account as at 31/1/95

Use the information below to answer the question

Liabilities ₦Assets ₦
Capital 40,000Furnishing 10,000
Ceiling Fan 1,500
Cash in Hand 28,500
40,00040,000

If at 31/1/95 the following information was ascertained;

(i). rent for shop #12,000 paid for the year

(ii). Total purchases #15,000

(iii). Total sales #8,200

(iv). Stock of goods left #10,000

(v). paid sales boy #500

What is the balance on its cash account as at 31/1/95

A #22,800

B #9,200

C #800

D #21,200

Answer is B

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