Question 7

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Elijah started the month with a positive balance of $1,780 on his bank account. What is the balance after the following transactions in June? (1) The owner of the business, Elijah withdraws $200 per week to cover living expenses. (2) A cash discount of $30 is taken by a customer who settle his a/c by cheque on a credit sale of $600. (3) An amount of $400 is received from Mr Okoe a credit customer. (4) Banking of $1,200 from petty cash.

Select one:

a. $3,750

b. $3,150

c. $3,180

d. $2,580