Walking Fit, a club for walkers over the age of 50, has the following information available for the year ended 31 March 2015.

Additional information:

• The cost of maps should be regarded as revenue expenditure. 

• Depreciation tor the year on hiking equipment is $220.

a. Prepare the subscriptions account for the year ended 31 March 2015. 

b. Prepare the income and expenditure account for the year ended 31 March 2015. 

Transcribed Image Text:

Receipts and payments account Balance b/d at 123 Barbecue evening 31 1 April 2014 costs Members' subscriptions 1 420 Administration 55 Competition ticket sales 234 Hiking equipment 1410 Socia evening 828 Advertising costs 180 ticket sales Barbecue evening sales 52 Maps 70 Competition prizes 142 Social evening costs 461 Balance c/d at 308 31 March 2015 2 657 2 657