X and Y are partners and divide profits and losses equally. Y began with a current account balance of $1350 debit. The profit remaining for the year was $23{,}500. Y was entitled to: interest on capital $1200 salary $14{,}500 Y withdrew $25{,}000 during the year. What was the closing balance on Y’s current account at the end of the year?
- A$1100 credit
- B$1100 debit
- C$3800 credit
- D$3800 debit