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

Correct answer is B

No explanation has been provided for this answer.