Use the information below to answer the question:
| Total sales of ticket | ₦300 000 |
| Amount received from the sales | ₦260 000 |
| Cash purchase of club house | ₦100 000 |
| Credit purchase of equipment | ₦60 000 |
| Electricity bill paid | ₦5 000 |
| Salaries owed | ₦2 000 |
What is the receipts and payment account balance?
Options
A) ₦260 000
B) ₦233 000
C) ₦155 000
D) ₦100 000
The correct option is C
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