Post Utme Unilorin 2025 Accounting Question 24

A company uses the single entry system of accounting. The following transactions are recorded in the journal: 1. Purchase of office equipment for ₦120,000. 2. Sale of goods for ₦150,000. 3. Payment of salaries to employees for ₦80,000. 4. Purchase of raw materials for ₦90,000. 5. Sale of goods for ₦200,000. 6. Payment of rent for ₦50,000. 7. Purchase of office supplies for ₦10,000. 8. Sale of goods for ₦250,000. 9. Payment of electricity bill for ₦20,000. 10. Purchase of raw materials for ₦100,000. What is the total amount of assets recorded in the journal?