Question$1(30$marks$-24$minutes$)$

The following information was taken from the accounting records of Luthando Sports Centre on $31$ July $2023.$

Required:

$1\mathrm{.}1$ Tuckshop Trading statement

$1\mathrm{.}2$ Subscription fees account

$(12)$

$1\mathrm{.}3$ Prepare the statement of profit and loss

$(13)$

$\backslash$table$[[$A$.$ BALANCES ON $1$ APRIL $2022,],[$Accrued income $($subscription fees$),1350],[$Income received in advance $($subscription fees$),900],[$Bank$,2020],[$Sports equipment,$10000],[$Tuck shop's trading inventory on hand,$6640],[$Accumulated funds,$12950],[$Loan$,16000]]$

$\backslash$table$[[$RECEIPTS$,$R$,$PAYMENTS,R$],[$Gate takings,$6760,$Purchases of the tuck shop,$13200],[$Tuck shop sales,$12782,$Stationery,$],[$Entrance fees,$2300,$Water and electricity,$1050],[$Subscription fees: $2022,900,$Honorarium,$],[2023,5850,$Subscription fees refunded,$1800],[2024,2700,$Creditors,$3200],[$Interest on fixed deposit,$130,$Salaries,$1500]]$

C$.$ ADDITIONAL INFORMATION AND ADJUSTMENTS:

$1$ The tuck shop's trading inventory on hand amounted to R$4200.*$

$2.$ Subscription fees still outstanding for $2022$ must be written off $-$

$3.$ Each member must contribute R$450$ per year to the club as joining fees.

$4.$ Five members must still pay their subscription fees for $2019.$

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