Use the following information to answer the given question
RECEIPTS AND PAYMENTS ACCOUNT:
(begin{array}{c|c} Dr & & & Cr \ hline & D & & D \ text{Balance b/f} & 1,000 & Salaries & 2,000 \ text{Subscriptions} & 15,000 & text{Rent} & 1,000 \ & & text{Rates} & 1,500\ & & text{Expenses} & 500 \ & & text{Balance c/f} & 11,000\ & overline{16,000} & & overline{16,000} \ text{Balance b/f} & overline{11,000} & & end{array})
(begin{array}{c|c} & text{1st January,2004} & text{31st December, 2004} \ & D & D \ hline text{Fixed Assets} & 50,000 & 50,000\ text{Rent(accrued)} & 200 & 250 \ text{Rates(prepaid)} & 300 & 400\ text{Subscriptions in arrears} & 1,500 & 1,000\ text{Subscriptions in advance} & 1,300 & 800 end{array})
Accumulated fund as at 1st January 2004 is
RECEIPTS AND PAYMENTS ACCOUNT:
(begin{array}{c|c} Dr & & & Cr \ hline & D & & D \ text{Balance b/f} & 1,000 & Salaries & 2,000 \ text{Subscriptions} & 15,000 & text{Rent} & 1,000 \ & & text{Rates} & 1,500\ & & text{Expenses} & 500 \ & & text{Balance c/f} & 11,000\ & overline{16,000} & & overline{16,000} \ text{Balance b/f} & overline{11,000} & & end{array})
(begin{array}{c|c} & text{1st January,2004} & text{31st December, 2004} \ & D & D \ hline text{Fixed Assets} & 50,000 & 50,000\ text{Rent(accrued)} & 200 & 250 \ text{Rates(prepaid)} & 300 & 400\ text{Subscriptions in arrears} & 1,500 & 1,000\ text{Subscriptions in advance} & 1,300 & 800 end{array})
Accumulated fund as at 1st January 2004 is
-
A.
D54,100 -
B.
D52,800 -
C.
D52,600 -
D.
D51,300