at 31.12.09 Exercise equipment 4,700 6,200 Cash at bank 1,900 11,080 Outstanding amounts: Telephone 48 65 Electricity

Question:

at 31.12.09 Exercise equipment 4,700 6,200 Cash at bank 1,900 11,080 Outstanding amounts: Telephone 48 65 Electricity 120 140 Rent 200 300 Purchases for restaurant unpaid 690 950 Restaurant stock 1,200 1,400 The following are the receipts and payments made for the year ended 31 December 2009:

Receipts Subscriptions 14,600 Raffle tickets sold 3,800 Restaurant sales 21,700 Payments Exercise equipment 3,100 Wages in restaurant 5,000 Raffle prizes 1,800 Printing 500 Rent 2,400 Electricity 700 Telephone 400 Repairs to equipment 620 Purchases for restaurant 16,400 You are required to prepare the income and expenditure account for the year and the balance sheet as at 31 December 2009.

As there is a trading section you are also required to prepare a trading account for that section.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: