The information below relates to a business at 31 December 2021. General expenses outstanding at 1 January: $420$ General expenses prepaid at 1 January: $240$ General expenses outstanding at 31 December: $720$ General expenses prepaid at 31 December: $120$ The total cash paid in the year ended 31 December 2021 was $11500$. What figure should be shown in the income statement for general expenses for the year ended 31 December 2021?
- A$10240
- B$10720
- C$11080
- D$11920