Question: please answer the whole question 3 and please type it QUESTION 3 50 MARKS The Katutura Theatre Club has been in existence for several years.

 please answer the whole question 3 and please type it QUESTION

3 50 MARKS The Katutura Theatre Club has been in existence for

please answer the whole question 3 and please type it

QUESTION 3 50 MARKS The Katutura Theatre Club has been in existence for several years. Members pay annual subscription fee of N$ 120, which allow them to join trips to professional productions at a reduced rate. On the 31 May 2020, the club's assets and liabilities were as follows: Motor vehicle valued at N$ 14 500, Office equipment valued at 2 800, Cash on hand N$ 80, Bank balance N$ 3 100 (overdrawn), Saving with Swabou N$ 100, Subscription in arrears N$ 1 260, Bar Creditor N$ 2 440 and Subscription received in advance N$ 200. The club is also running a bar to raise more funds for the club activities. Page 20 of 22 The following information occurred throughout - 31 May 2021. Receipts Subscriptions received through the bank For year ended 31 May 2020 1 060 For year ended 31 May 2021 12 900 For year ended 31 May 2022 570 Bar Sales 9 800 Donation Received 1 600 Payments Payment for bar supplies 5 200 Wages: Club Manager 6 300 Wages: Bar lady 1 220 Bar expense 810 Repairs theatre building 960 Theatre secretary expense 750 Transport expense for club members 460 Club telephone expense 180 1 380 11 400 The following information as at 31 May 2021 Bar Inventory Drawings by members Bar supplies - Owing Depreciation expense: Motor Vehicle Depreciation expense: Office equipment 1 390 600 250 Page 21 of 22 03 Marks REQUIRED Calculate accumulated capital as at 31 May 2020 Prepare bar trading as at 31 May 2021 Prepare income and expenditure statement as at 31 May 2021 Prepare statement of financial position as at 31 May 2021 12 Marks 17 Marks 18 Marks

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