Use the information below to answer question

Total sales of ticket.......................N300 000

Amount received from the sales..............N260 000

Cash purchase of club house.................N100 000

Credit purchase of equipment ...............N60 000

Electricity bill paid ......................N5 000

Salaries owed ..............................N2 000

What is the receipts and payment account balance?

• A N260 000
• B N233 000
• C N155 000
• D N100 000