I & E A/c 200 X 50 = £10,000

Multiple Choice

I & E a/c 200 x 50 = £10,000
A social club has 200 members; each should pay £50 for their yearly subscription. At the start of the year - 20 members' owed subscriptions, at the end of the year 5 members had prepaid subscriptions. You are informed that 3 members' annual subscriptions from the previous year remained unpaid at the end of this year and these are to be written off. The cash receipts for the year are as follows:

A) £9,100
B) £10,600
C) £11,100
D) £11,400