What is the club’s total liabilities

Use the following information to answer this question.

Club building 400,000

Subscription prepaid 3,000

Sport kits 150,000

Bar creditors 85,000

Subscription owing 32,000

What is the club’s total liabilities

A N11, 700

B N26, 700

C N88, 000

D N85, 000

Answer is C

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