On match days, a tennis club provides refreshments for sale. When the first accounting period ended, the receipts and payments account contained these items: - receipts from refreshments sales $2300 - payments made to refreshments suppliers $1400 - wages paid $300 Refreshments left unsold at the year end had cost $200. An invoice for refreshments bought amounting to $75 had not yet been settled. What profit from sale of refreshments should be shown in the income and expenditure account?
- A$600
- B$725
- C$800
- D$875