Use the information to answer this question Receipts and Payment Account (Extract) N Bal b/f 3650 Insurance 900 Subscription (99) 7500 Rate 11,700 (2000) 10...

Question 1 Report

Use the information to answer this question

Receipts and Payment Account (Extract)

                               N

Bal b/f                   3650       Insurance   900

Subscription   (99) 7500       Rate          11,700

                   (2000) 1000      Bal c/d        8,050

Fees                      8500

                            20,650                       20,650

The following information were given:

Rates owing

Insurance prepaid

Subscription in arrears

1/199

3,600

50

700

31/12/99

2000

1000

600

What is the opening cash balance

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