These balances and totals are from the books of Fit Health Club as at 31 December 20x6:

Additional information:

• Salary bonus of R400 is to be provided.

• R150 of assessment rates is for the 20x7 calendar year.

• Entrance fees are credited to the accumulated fund.

You are required to:

Prepare the receipts and payments account for the year ended 31 December 20x6.

Transcribed Image Text:

Membership subscription fees received for year 20x5 Membership subscription fees received for year 20x6 Membership subscription fees received for year 20x7 Sales-fruit juices Sports equipment purchased during year Sports equipment sold at book value (original cost R2 000-depreciation R1 500) Purchases of fruit juices Salaries and wages Assessment rates Depreciation of sports equipment for the year 20x6 Insurance 2 200 00 24 000 00 1 200 00 ******* 3 650 00 24 600 00 500 00 1 650 00 6 600 00 900 00 12 800 00 490 00