page. The following information pertains to CycleLife Club: 1. Selected belances Membership fees received in advance-28...

 

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page. The following information pertains to CycleLife Club: 1. Selected belances Membership fees received in advance-28 February 2021, Membership fees in arrears-28 February 2021..... Entrance fees-28 February 2022 Bank (favourable) -28 February 2022 2. Additional information: 2.1 During the 2022 financial year, the club had 46 members and the membership teas amounted to R2 000 per member per year. ***** www. m R 4 000 12 000 7 780 50 906 2.2 The treasurer confirmed that she banked the following amounts received as membership fees during the 2022 financial year: Membership fees for the 2021 financial year... Membership fees for the 2022 financial year.. Membership fees for the 2023 financial year.. 2.3 The outstanding membership fees for the 2021 financial year must be written off. 2.4 On 28 February 2022 the membership fees of 4 members were still outstanding. REQUIRED: R 6.000 80 000 10 000 Prepare the membership fees account of CycleLife Club, properly balanced at 28 February 2022. Each. entry must disclose the correct contra ledger account. [14] NB: Show all calculations. page. The following information pertains to CycleLife Club: 1. Selected belances Membership fees received in advance-28 February 2021, Membership fees in arrears-28 February 2021..... Entrance fees-28 February 2022 Bank (favourable) -28 February 2022 2. Additional information: 2.1 During the 2022 financial year, the club had 46 members and the membership teas amounted to R2 000 per member per year. ***** www. m R 4 000 12 000 7 780 50 906 2.2 The treasurer confirmed that she banked the following amounts received as membership fees during the 2022 financial year: Membership fees for the 2021 financial year... Membership fees for the 2022 financial year.. Membership fees for the 2023 financial year.. 2.3 The outstanding membership fees for the 2021 financial year must be written off. 2.4 On 28 February 2022 the membership fees of 4 members were still outstanding. REQUIRED: R 6.000 80 000 10 000 Prepare the membership fees account of CycleLife Club, properly balanced at 28 February 2022. Each. entry must disclose the correct contra ledger account. [14] NB: Show all calculations.

Answer rating: 100% (QA)

Membership Fees Account as of 28 February 2022 Opening Balances February 28 2021 Membership fees rec... View the full answer