Use the information to answer the given question.
RECEIPTS AND PAYMENTS ACCOUNT: (begin{array}{c|c} & & N & & N \ hline text{Balance – 1st January} & 2002 & 200 & text{Bar supplies}& 2,850\ text{subscriptions received:} & & & text{wages} & 350\ & 2002 & 3,600 & text{General expenses} & 400 \ & 2003 & 250 & text{Printing expenses} & 120 \ text{Receipts from Bar} & & 4,500 & text{Equipment} & 200 \ text{receipts from dance} & & 500 & text{Repairs} & 200 \ text{Sundry receipts} & & 400 & text{Balance – 31st December} & 4,880 \ & & overline{9,450} & & end{array})
ADDITIONAL INFORMATION:
(begin{array}{c|c} & text{1/01/02} & text{31/12/12} \ & N & N \ hline text{Equipment} & 4,500 & 5,150\ text{Stock – Bar} & 1,200 & 3,200 \ text{Bar supplies} & 2,400 & 5,600end{array})
Accumulated fund as at 1st January 2002 is
RECEIPTS AND PAYMENTS ACCOUNT: (begin{array}{c|c} & & N & & N \ hline text{Balance – 1st January} & 2002 & 200 & text{Bar supplies}& 2,850\ text{subscriptions received:} & & & text{wages} & 350\ & 2002 & 3,600 & text{General expenses} & 400 \ & 2003 & 250 & text{Printing expenses} & 120 \ text{Receipts from Bar} & & 4,500 & text{Equipment} & 200 \ text{receipts from dance} & & 500 & text{Repairs} & 200 \ text{Sundry receipts} & & 400 & text{Balance – 31st December} & 4,880 \ & & overline{9,450} & & end{array})
ADDITIONAL INFORMATION:
(begin{array}{c|c} & text{1/01/02} & text{31/12/12} \ & N & N \ hline text{Equipment} & 4,500 & 5,150\ text{Stock – Bar} & 1,200 & 3,200 \ text{Bar supplies} & 2,400 & 5,600end{array})
Accumulated fund as at 1st January 2002 is
-
A.
N6,900 -
B.
N5,900 -
C.
N4,500 -
D.
N3,500