A summary of the Downline Rugby Club is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ended 31 December 20X6, and a balance sheet as at that date.

Further information:

(i) At 1.1.20X6 equipment was valued at £2,000.

(ii) Depreciate all equipment 25 per cent for the year 20X6.

(iii) At 31.12.20X6 rent paid in advance was £400.

(iv) At 31.12.20X6 there was £25 owing for printing.

Transcribed Image Text:

Balance at 1.1.20X6 Collections at matches Profit on sale of refreshments Cash Book Summary £ 1,440 4,218 5,520 11,178 Purchase of equipment Rent for pitch Printing and stationery Secretary's expenses Repairs to equipment Groundsman's wages Miscellaneous expenses Balance at 31.12.20X6 £ 380 1,600 104 220 210 6,400 96 2,168 11,178