The following trial balance of Haven Golf Club was extracted from the books as on 31 December 20X8:

Notes:
(i) Bar purchases and sales were on a cash basis. Bar stocks at 31 December 20X8 were valued at £989.
(ji) Subscriptions paid in advance by members at 31 December 20X8 amounted to £180.
(iii) Provide for depreciation of equipment £760.
You are required to:

(a) Draw up the bar trading account for the year ended 31 December 20X8.

(b) Draw up the income and expenditure account for the year ended 31 December 20X8, and a balance sheet as at 31 December 20X8.

Transcribed Image Text:

Dr 34 Cr Clubhouse Equipment Profits from raffles Subscriptions received Wages of bar staff Bar stocks 1 January 20X8 Bar purchases and sales 21,000 6,809 4,980 18,760 2,809 1,764 11,658 17,973 Greenkeepers' wages 7,698 Golf professional's salary 6,000 General expenses 580 Cash at bank 1,570 Accumulated fund at 1 January 20X8 18,175 59,888 59,888