Hole in One is a golf club. The following information has been prepared by the treasurer for the year ended 31 December 2014,

Additional information:

Prepare: 

a. A statement of affairs to show the club's accumulated fund as at 1 January 2014. 

b. The subscriptions account for the year ended 31 December 2014. 

c. The refreshments trading account for the year ended 31 December 2014. 

d. The club's income and expenditure account for the year ended 31 December 2014. 

e. The club's statement of financial position at 31 December 2014. 

Transcribed Image Text:

Receipts and payments account $ $ 1 420 Retreshments purchases Balance h/d at 22 800 1 January 2014 Refreshments sales 33 620 Administration 260 Subscriptions 52 100 Golf oourse 8 610 maintenance Advertising costs 1 680 Cleaning expenses 2 842 Refreshments staff 10 400 wages Purchase of golf equipment 12 500 Golf professional's salary 18 000 Greenkeeper's wages 1 602 Clubhouse expenses 5 300 6 350 Balance c/d at 31 December 2014 88 742 88 742