The secretary of the Woodland Hockey Club gives you the following summary of his cash book for the year ended 31 May 20X2:

The secretary also gives you the following information:

On 31 May 20X1 the club's equipment appeared in the books at £150. It is desired that 12 per cent be written off the book value of the equipment as it appears on 31 May 20X1.
Required
a. Show your computation of the club's accumulated fund as on 31 May 20X1.
b. Prepare the income and expenditure account showing the result for the year ended 31 May 20X2, and the statement of financial position as on that date.

Transcribed Image Text:

Cash book 234 18 12 37 61 102 26 Balances at commencement of year Rant -At bank - In hand Subscriptions: 63 Printing and staticnery 10 Affiliation fees Coptoin's ond secretary's expenses Refreshments for visiting teams Annual social Equipment purchosed Balance at close of year: Supporters Supporters 20X2-20X3 season 150 20 170 134 Fees per game Annual social -At bank -In hand 49 547 547 31 May 20X1 31 May 20x2 Amounts due to the club: Supporters' subscriptions Fees per game Re annual social 14 12 78 53 Amounts owing by the club Rent Printing Secretary's expenses Refreshments 72 54 13 12