Use the information below to answer questions.

Entrance fees.........................N1200

Subscriptions(including N850 arrears).N4310

Donations received....................N1500

Proceeds from sales...................N2300

Total payments........................N8200

Depreciation..........................N2100

Closing cash balance..................N1110

The club deposited 200% of the closing cash balance in he bank during the period.

Determine the opening cash balance of the

  • A N3070
  • B N2220
  • C N5710
  • D N4320

The correct answer is B. N2220

No explanation given
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