Use the following information to answer the question given


\(\begin{array}{c|c} \text{Jan. 1} & \text{₦}\\ \hline \text{1/1/08 Capital introduced by cash} & 50,000 \\ \text{2/1/08 Bought goods for retail by cash} & 10,000\\ \text{3/1/08 Sold fixtures by cash} & 5,000\\ \text{4/1/08 Sold goods to Lagbaja on credit} & 3,000\\ \text{5/1/08 Bought goods on credit from Tamedu}& 8,000\end{array}\)


Balance in the Capital Account at 5/1/08 is

A.

₦60,000

B.

₦50,000

C.

₦35,000

D.

₦5,000

Correct answer is C

No explanation has been provided for this answer.