a. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

  $
Receipts:  
Subscriptions 4000
Sale of competition tickets 800
Donations 300
Refund of rent 1000
Payments:  
Rent 3000
Honorarium to speaker 2200
Secretarial expenses 200
Donations to charity 60
Competition prizes 600
Stationery and printing 320



Additional information:

  01/01/19 31/12/19
  $ $
Equipment at valuation 1950 1500
Subscriptions:    
Arrears 120 170
Advance 30 60
Owing to suppliers of competition prizes 90 120
Stock of competition prizes 70 80



You are required to prepare for the club and for the year ended 31st December 2019:



Subscription Account

b. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

  $
Receipts:  
Subscriptions 4000
Sale of competition tickets 800
Donations 300
Refund of rent 1000
Payments:  
Rent 3000
Honorarium to speaker 2200
Secretarial expenses 200
Donations to charity 60
Competition prizes 600
Stationery and printing 320



Additional information:

  01/01/19 31/12/19
  $ $
Equipment at valuation 1950 1500
Subscriptions:    
Arrears 120 170
Advance 30 60
Owing to suppliers of competition prizes 90 120
Stock of competition prizes 70 80



You are required to prepare for the club and for the year ended 31st December 2019:



Competition Prizes Suppliers Account

c. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

  $
Receipts:  
Subscriptions 4000
Sale of competition tickets 800
Donations 300
Refund of rent 1000
Payments:  
Rent 3000
Honorarium to speaker 2200
Secretarial expenses 200
Donations to charity 60
Competition prizes 600
Stationery and printing 320



Additional information:

  01/01/19 31/12/19
  $ $
Equipment at valuation 1950 1500
Subscriptions:    
Arreas 120 170
Advance 30 60
Owing to suppliers of competition prizes 90 120
Stock of competition prizes 70 80



You are required to prepare for the club and for the year ended 31st December 2019:



Competition Trading Account

d. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

  $
Receipts:  
Subscriptions 4000
Sale of competition tickets 800
Donations 300
Refund of rent 1000
Payments:  
Rent 3000
Honorarium to speaker 2200
Secretarial expenses 200
Donations to charity 60
Competition prizes 600
Stationery and printing 320



Additional information:

  01/01/19 31/12/19
  $ $
Equipment at valuation 1950 1500
Subscriptions:    
Arreas 120 170
Advance 30 60
Owing to suppliers of competition prizes 90 120
Stock of competition prizes 70 80



You are required to prepare for the club and for the year ended 31st December 2019:



Income and Expenditure Account

 

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2 years ago

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