A The following trial balance of the Shire Golf Club was extracted from the books as on 31 December 2012:

(i) Bar purchases and sales were on a cash basis. Bar inventory at 31 December 2012 was valued at £6,410. (ii) Subscriptions paid in advance by members at 31 December 2012 amounted to £1,870. (iii) Provide for depreciation of equipment £2,400. You are required to:

(a) Draw up the bar trading account for the year ending 31 December 2012.

(b) Draw up the income and expenditure account for the year ending 31 December 2012, and a statement of financial position as at 31 December 2012.

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Clubhouse Equipment Profits from raffles Subscriptions received Wages of bar staff Bar inventory 1 January 2012 Bar purchases and sales Greenkeepers' wages Golf professional's salary General expenses Cash at bank Accumulated fund at 1 January 2012 Dr 142,000 18,600 29,200 9,400 41,300 21,500 37,000 910 3,924 303,834 Cr 6,508 183,400 84,600 29,326 303,834