Use the following information to answer the beg... - WAEC Accounting 1999 Question
Use the following information to answer the
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash in hand on 31st July is
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash in hand on 31st July is
A
N2,220
B
N2,078
C
N1,642
D
N578
correct option: c
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