JAMB Principles of Accounts 2007 Question 3

Entrance fees ₦1 200
Subscriptions (including ₦850 arrears) ₦4 310
Donations received ₦1 500
Proceeds from sales ₦2 300
Total payments ₦8 200
Depreciation ₦2 100
Closing cash balance ₦1 110
The club deposited 200% of the closing cash balance in the bank during the period.
Determine the opening cash balance of the club.

1. A.₦3 070
2. B.₦2 220
3. C.₦5 710
4. D.₦4 320.