Sing to the Sky is a club that promotes choral singing among teenagers. Every year an outdoor concert with an evening barbecue is given at the clubhouse to raise funds for the 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 concert account for the year ending 31 December 2014 to find the profit or loss made on the annual concert and barbecue 

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

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

Transcribed Image Text:

Receipts and payments account Balance b/d at 1 230 Purchase of concert 930 January 2014 refreshments Refreshments sales at 2 120 Administration 50 concert expenses Concert entrance fees 1 600 Concert costs 1 050 Concert barbecue sales 250 Concert advertising 180 Clubhouse expenses 1 090 Singing teacher's fees 600 Club brochures 120 Concert barbecue 140 costs Balance c/d at 31 40 December 2014 4 200 4 200