A summary of the Balgreen Bowling Club's cash book is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2016, and a statement of financial position as at that date.

Further information:
(1) At 1.1.2016 equipment was valued at £6,000.
(2) Depreciate all equipment 10 per cent for the year 2016.
(3) At 31.12.2016 rent paid in advance was £1,200.
(4) At 31.12.2016 there was £80 owing for printing.

Transcribed Image Text:

Cash Book Summary Balance at 1.1.2016 Collections at matches 5,600 17,200 Purchase of equipment Rent for green 1,200 4,800 Profit on sale of refreshments 22,000 Printing and stationery Secretary's expenses Repairs to equipment Groundsman's wages Miscellaneous expenses 200 320 280 16,000 240 Balance at 31.12.2016 44,800 21,760 44,800