The following Football is the summary of the cash book of Mbedodo Club for the year...
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The following Football is the summary of the cash book of Mbedodo Club for the year ended 30 June Receipts $000 Payments Bank balance (1 July 2010). 2340 Casual wages Members subscription 49 850 Bar supplies Entrance fees 33 060 Bates 60 840 Rent Bar sales Competition receipts 25 820 Secretary's basic salary. lighting and water 170 910 Competition prizes. Stationery and postage Repairs to gymnasium Ground up keep... $ Bar manager's salary Deposit with SACCO Bank balance Additional information. 1. The assets of the club on I July 2010 were $"000" 650 000 250 000 10 800 7,200 43,300 1200 24, 600 18000 5040 14400 3.840 3.300 4500 5.400 35 000 as follows. 6130 170 910 Land Gymnasium and equipment Bar inventory Prizes in hand 4800 2. Bar supplies owsing amounted to $4200 000 on 1 July 2010 3. On 30 June 2011 the bar inventory was $ 9 600 000, prizes in hand $2.400.000 and $ 5.640 000 for bar supplies was owing The Secretary is to receive a leave allowance of 5°10 of his basic salary. It was also agreed that the bar manager Should receive a $500.000 bonus for increased sales during the. year. 5. From the register of members, it appeared that unpaid Subscriptions as at 30 June 2011 tolaled $5100 000, Subscriptions received during the year included $2.550.000 in respect of the previous year and $1700 000 in respect the year starting 1 July 2011 6. Interest earned of on the deposit with the SACCO for amounted to $1750 000 the year ended 30 June 2011. 7. The rent paid was for fifteen months up to 30th September 2011. 18. The gymnasium and equipment are to be depreciated at the rate of 10⁰% per annum on straight line method: Required a) Income and expenditure account for the year ended 30 June 2011 b) Statement of Financial position as at 30 june 2011. The following Football is the summary of the cash book of Mbedodo Club for the year ended 30 June Receipts $000 Payments Bank balance (1 July 2010). 2340 Casual wages Members subscription 49 850 Bar supplies Entrance fees 33 060 Bates 60 840 Rent Bar sales Competition receipts 25 820 Secretary's basic salary. lighting and water 170 910 Competition prizes. Stationery and postage Repairs to gymnasium Ground up keep... $ Bar manager's salary Deposit with SACCO Bank balance Additional information. 1. The assets of the club on I July 2010 were $"000" 650 000 250 000 10 800 7,200 43,300 1200 24, 600 18000 5040 14400 3.840 3.300 4500 5.400 35 000 as follows. 6130 170 910 Land Gymnasium and equipment Bar inventory Prizes in hand 4800 2. Bar supplies owsing amounted to $4200 000 on 1 July 2010 3. On 30 June 2011 the bar inventory was $ 9 600 000, prizes in hand $2.400.000 and $ 5.640 000 for bar supplies was owing The Secretary is to receive a leave allowance of 5°10 of his basic salary. It was also agreed that the bar manager Should receive a $500.000 bonus for increased sales during the. year. 5. From the register of members, it appeared that unpaid Subscriptions as at 30 June 2011 tolaled $5100 000, Subscriptions received during the year included $2.550.000 in respect of the previous year and $1700 000 in respect the year starting 1 July 2011 6. Interest earned of on the deposit with the SACCO for amounted to $1750 000 the year ended 30 June 2011. 7. The rent paid was for fifteen months up to 30th September 2011. 18. The gymnasium and equipment are to be depreciated at the rate of 10⁰% per annum on straight line method: Required a) Income and expenditure account for the year ended 30 June 2011 b) Statement of Financial position as at 30 june 2011.
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
Posted Date:
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