The Happyville Social Clubs Constitution requires it to prepare annual financial statements and present them to members at the Annual General Meeting.

Using the following information provided by the Happyville Social Club, you are required to complete the following tasks in line with the organisations and accepted industry policies and procedures:

1. Calculate credit bar purchases
2. Calculate the bar wages expense
3. Prepare a Bar Trading Statement (to calculate surplus or deficit from bar trading)
4. Calculate subscription income
5. Calculate rent expense
6. Prepare a Statement of Income & Expenditure for the year ended 30^th June 2023
7. Prepare a Trial Balance at 1^st July 2022 (to calculate Accumulated Funds at July 1 2022)
8. Prepare a Statement of Receipts and Payments for the year ended 30^th June 2023
9. Prepare a Classified Statement of Assets & Liabilities as at 30^th June 2023

Cash receipts and payments for the year ended 30^th June 2023:

Cash Receipts:	$		Cash Payments:	$
Subscriptions	11,000		Bar purchases	12,000
Bar sales	30,000		Payments to accounts payable	6,000
Hire of function room	5,300		Telephone	900
			Insurance	1,200
			Cleaners wages	1,500
			Electricity	800
			Bar wages	5,000
			Bank Loan interest	2,900
			Rent paid	10,000
	$46,300			$40,300

Assets & Liabilities as at	1 July 2022	30 June 2023
Bank	15,000	?
Bar inventory	2,600	2,400
Subscription in arrears	220	880
Subscription in advance	800	270
Bar equipment at cost	35,000	35,000
Accumulated depreciation bar equipment	5,000	6,000
Bank Loan (Due 30/6/17)	16,000	16,000
Accounts payable (bar)	1,000	2,000
Accrued bar wages	0	100
Prepaid rent expense	0	500

1. Credit Bar Purchases

1. Bar Wages Expense

c) Bar Trading Statement

	$	$	$

d) Subscriptions Income

e) Rent Expense

f) Statement of Income & Expenditure for the year ended 30^th June 2023

	$	$

g) Trial Balance as at 1^st July 2022

	Debit	Credit
	$	$

h) Statement of Receipts and Payments for the year ended 30^th June 2023

	$	$

1. Statement of Assets & Liabilities as at 30 June 2023

	$	$	$