Cash receipts and payments of the Green Club for the financial year ended June 30, 2020....
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Cash receipts and payments of the Green Club for the financial year ended June 30, 2020. Additional information: 1. Receipts Subscriptions Rental Membership fees Donations Green Day Award Ceremony 2. Payments Purchases of a new equpment 5,210 1,300 450 300 Maintenance expense 3,000 Wages expense Utilities expense Green Day Award Ceremony Stationary expense Printing expense General expense 1,300 2,000 340 800 2,400 300 200 210 A firm acquired new equipment on January 1, 2020. The annual depreciation rate for all equipment was 10% on cost. The balance of accounts was as follows. a) Cash b) Subscriptions accrual Subscriptions prepaid Accrued general expense Accrued printing expense Required: Equipment (cost) Accumulated depreciation July 1, 2019 RM 1,700 200 200 20 0 3,000 300 June 30, 2020 RM 4,410 390 150 90 100 Prepare a statement of income and expenditure of Green Club for the year ended June 30, 2020. Prepare a statement of financial position at June 30,2020. Cash receipts and payments of the Green Club for the financial year ended June 30, 2020. Additional information: 1. Receipts Subscriptions Rental Membership fees Donations Green Day Award Ceremony 2. Payments Purchases of a new equpment 5,210 1,300 450 300 Maintenance expense 3,000 Wages expense Utilities expense Green Day Award Ceremony Stationary expense Printing expense General expense 1,300 2,000 340 800 2,400 300 200 210 A firm acquired new equipment on January 1, 2020. The annual depreciation rate for all equipment was 10% on cost. The balance of accounts was as follows. a) Cash b) Subscriptions accrual Subscriptions prepaid Accrued general expense Accrued printing expense Required: Equipment (cost) Accumulated depreciation July 1, 2019 RM 1,700 200 200 20 0 3,000 300 June 30, 2020 RM 4,410 390 150 90 100 Prepare a statement of income and expenditure of Green Club for the year ended June 30, 2020. Prepare a statement of financial position at June 30,2020.
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SOLUTION a Statement of Income and Expenditure of Green Club for the Year Ended June 30 2020 Inc... View the full answer
Related Book For
Algebra And Trigonometry Graphs And Models
ISBN: 9780134179049
6th Edition
Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna
Posted Date:
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