The Eagle Theatre Club has been in existence for a number ofyears. Members pay annual subscription fee of N$ 120, which allowthem to join trips to professional productions at a reduced rate.On the 31 May 2018, the club’s assets and liabilities were asfollows: Motor vehicle valued at N$ 14 500, Office equipment valuedat 2 800, Cash on hand N$ 80, Bank balance N$ XXXXXXXXXXoverdrawn),Saving with Swabou N$ 100, Subscription in arrears N$ 1 260, Page17 of 18 Bar Creditor N$ 2 440 and Subscription received in advanceN$ 200. The club is also running a bar to raise more funds for theclub activities. The following information occurred throughout - 31May 2019. Receipts Subscriptions received through the bank - Foryear ended 31 May XXXXXXXXXXFor year ended 31 May XXXXXXXXXX -For year ended 31 May XXXXXXXXXXBar Sales 9 800 Donation Received 1600 Payments Payment for bar supplies 5 200 Wages: Club Manager 6300 Wages: Bar lady 1 220 Bar expense 810 Repairs theatre building960 Theatre secretary expense 750 Transport expense for clubmembers 460 Club telephone expense The following information as at31 May XXXXXXXXXXBar Inventory 1 380 Drawings by members XXXXXXXXXXBarsupplies – Owing 1 390 Depreciation expense: Motor Vehicle 600Depreciation expense: Office equipment 250 REQUIRED 

a) Calculateaccumulated capital as at 31 May XXXXXXXXXXMarks 

b)  Prepare bartrading as at 31 May 2019 Prepare income and expenditure statementas at 31 May XXXXXXXXXXMarks 17 Marks 

c) Prepare statement offinancial position as at 31 May XXXXXXXXXXMarks

Answer rating: 100% (QA)

REQUIRED a Calculate accumulated capital as at 31 May 2... View the full answer