The following receipts and payments account for the year ended 31 October 2021 has been prepared...

 

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The following receipts and payments account for the year ended 31 October 2021 has been prepared by the treasurer of the Joy Gardening Club: Bank balance 1 November 2020 Seed sales Subscriptions received Show entry fees Annual dinner dance ticket sales Equipment hire 8,794 The following additional information is available: Assets and liabilities Equipment at valuation Amount owed for seed purchases Amount owed for printing for dinner dance Prepayment for insurance Subscriptions paid in advance Subscriptions owing at financial year end REQUIRED: £ 146 Payments to seed supplier 612 Purchase of garden equipment Meeting room rent 5,040 326 Secretary's honorarium 420 2,250 Speakers' expenses Bank charges Advertising Insurances (a) (b) Postages and telephone Dinner dance expenses Printing for dinner dance Show prizes Show expenses Balance at bank 31 Oct 2021 3,000 84 75 206 135 225 £ 407 2,842 750 100 240 28 126 348 142 1,874 Prepare for the year ended 31 October 2021: (1) Income and Expenditure Account (ii) Statement of Financial Position as at that date State four ways for a club to raise funds to finance future investment. 128 247 148 At 31 October 2021 At 1 November 2020 £ £ 840 128 1,414 8,794 62 112 360 180 [13] [8] [4] The following receipts and payments account for the year ended 31 October 2021 has been prepared by the treasurer of the Joy Gardening Club: Bank balance 1 November 2020 Seed sales Subscriptions received Show entry fees Annual dinner dance ticket sales Equipment hire 8,794 The following additional information is available: Assets and liabilities Equipment at valuation Amount owed for seed purchases Amount owed for printing for dinner dance Prepayment for insurance Subscriptions paid in advance Subscriptions owing at financial year end REQUIRED: £ 146 Payments to seed supplier 612 Purchase of garden equipment Meeting room rent 5,040 326 Secretary's honorarium 420 2,250 Speakers' expenses Bank charges Advertising Insurances (a) (b) Postages and telephone Dinner dance expenses Printing for dinner dance Show prizes Show expenses Balance at bank 31 Oct 2021 3,000 84 75 206 135 225 £ 407 2,842 750 100 240 28 126 348 142 1,874 Prepare for the year ended 31 October 2021: (1) Income and Expenditure Account (ii) Statement of Financial Position as at that date State four ways for a club to raise funds to finance future investment. 128 247 148 At 31 October 2021 At 1 November 2020 £ £ 840 128 1,414 8,794 62 112 360 180 [13] [8] [4]

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a In the books of Joy Gardening Club 1 Opening balance sheet Statement of financial position as at the date October 30 2021 Liabilities Amount Amount Assets Amount Amount Capital fund Balancing figure ... View the full answer