Use the information to answer the given question.
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Use the information to answer the given question.
RECEIPTS AND PAYMENTS ACCOUNT: NNBalance - 1st January2002200Bar supplies2,850subscriptions received:wages35020023,600General expenses4002003250Printing expenses120Receipts from Bar4,500Equipment200receipts from dance500Repairs200Sundry receipts400Balance - 31st December4,880¯9,450
ADDITIONAL INFORMATION:
1/01/0231/12/12NNEquipment4,5005,150Stock - Bar1,2003,200Bar supplies2,4005,600
Amount owing to Bar creditors is
N8,450
N6,050
N5,600
N2,850
Correct answer is B
No explanation has been provided for this answer.
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