The Hutt River Dining Club is funded partly by the members' annual subscriptions ($20 per member), partly by restaurant takings and partly from profits from the sale of books on dieting, healthy eating and cooking. 

At 31 December 2003, the club's Balance Sheet showed the following.

Receipts and payments for the year ended 31 December 2004 were as follows.

Further information 

1. Subscriptions owing at 31 December 2004: $40. 

2. Subscriptions paid in advance at 31 December 2004: $140. 

3. Stocks at 31 December 2004: food $270; books $965. 

4. Creditors at 31 December 2004: for food $360; for books $200. 

5. Annual depreciation of catering equipment is 10% on cost. 

Required 

(a) Calculate the Accumulated fund at 1 January 2004. 

(b) Prepare a Receipts and Payments account for the year ended 31 December 2004. 

(c) Prepare the Members Subscriptions account for the year ended 31 December 2004. 

(d) Prepare a Trading Account for the year ended 31 December 2004 for the sale of books. 

(e) Prepare a Restaurant account for the year ended 31 December 2004. 

(f) Prepare The Hutt River Dining Club's Income and Expenditure Account for the year ended 31 December 2004. 

(g) Prepare the Balance Sheet as at 31 December 2004..

Transcribed Image Text:

Catering equipment at cost Depreciation of catering equipment Stock of food Stock of books Subscriptions owing Cash at bank 11 000 2.000 3.000 8000 15 200 01100 180 ste 60082 is haviny w u 1520 40 60 Creditors for supplies of food Subscriptions in advance