A club's records provide the following information for a year. The club's policy is to credit life
Question:
A club's records provide the following information for a year.
The club's policy is to credit life subscriptions to the Income and Expenditure Account over five years.
How much should be credited to the Income and Expenditure Account for subscriptions for the year?
A. $4050
B. $4070
C. $4150
D. $4170
Transcribed Image Text:
Annual subscriptions received in the year Annual subscriptions received in advance at end of yeareth Balance on Life Subscriptions account at beginning of year Life subscriptions received during the year $ 4000 50 500 100
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