The treasurer of Murray Golf Club has prepared the following receipts and payments account for the year ended 31 March 20X1:

The treasurer has also supplied you with the following information:
1. Subscriptions received included £85, which had been in arrears at 31 March 20X0, and £55, which had been paid for the year commencing 1 April 20X1. In addition three members still owed their fees for the year to 31 March 20X1. One was a junior (membership £15) the other two were senior members (£45 per membership).
2. The land that was sold was valued in the Club’s books at £1,500.
3. Depreciation is to be charged as follows.

A full year’s depreciation is charged in the year of purchase but none is charged in the year of sale.
4. Accrued expenses:

The electricity bill for the period to 30 April 20X1 (£450) was paid for on 23 May 20X1.
The rent paid in advance was to cover three full financial years including 20X1.
The interest received in the year is for the period from 1 April 20X0 to 31 December 20X0.
5. It is estimated that 60 per cent of staff wages related to bar work. General expenses includes an amount of £35 for cleaning the windows in the bar for the year.
6. The closing bar inventories have been valued at £990.
7. A brand new pool table was purchased and posted to repairs. It cost £200.
8. The following balances are from the Club’s books at 31 March 20X0:

9. At a board meeting it was agreed that the bequest should be capitalized.

Required
a. Prepare the opening statement of financial position for Murray Golf Club as at 31 March 20X0.
b. Prepare the bar trading income account for Murray Golf Club for the year ended 31 March 20X1.
c. Prepare the income and expenditure account for Murray Golf Club for the year ended 31 March 20X1.
d. Prepare the statement of financial position for Murray Golf Club as at 31 March 20X1.

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Balance at 1 April 20X0 Subscriptions Functions Sundry income Bequest Bank interest Sale of land Donations Bar takings Receipts and payments accounts £ 782 4,930 567 58 652 120 3,600 50 3,200 13,959 Repairs Functions Heat and light Telephone Salary and wages Extension to clubhouse General expenses Stationery Rent Bar purchases Bar rates Furniture Motor vehicle Motor expenses Balance c/d - Cash - Bank 100 225 £ 256 507 350 125 3,328 800 89 25 3,300 2,800 200 250 1,250 354 325 13,959