Ossie does not keep full accounting records. The last accounts drawn up show that this capital balance was Non-current assets 51,300 Inventory 7,770 Receivables 5,565 Payables 3,994 Bank overdraft 3,537 On reviewing his calculations, you note that there were no entries made in relation to rent for June 20x0 because the rent for June 20x0 was paid on 1 July 20x0. Rent is $500 per month. What is the value of Ossie’s closing capital?
A.
$57,604
B. $51,980
C.
$63,678
D.
$56,604