Capital12,700Purchases7,100Debtors4,000Stationery1,900Sales2,400Wages1,230 Capital 12 , 700 Purchases 7 , 100 Debtors 4 , 000 Stationery 1 , 900 Sales 2 , 4...

Question 1 Report

$\begin{array}{cc} Capital & 12, 700 & Purchases & 7, 100 \\ Debtors & 4, 000 & Stationery & 1, 900 \\ Sales & 2, 400 & Wages & 1, 230 \end{array}$

Determine the closing balance of the cash book?

₦655 credit

₦655 debit

₦130 credit

₦130 debit