Given:

Balance as per cash book...................N20,000
Unpresented cheques........................N5, 200
Direct credit to the bank..................N1, 000
Direct debit from the bank.................N1, 000
Credit in the cash book....................N500

Calculate the balance as bank statement at the end of the year?

• A.N24,700
• B.N25,200
• C.N26,200
• D.N27,700
• E.