4.5 The following details are extracted from the books of the Fellowship Club:

Balances at 31 Dec. 20X7 31 Dec. 20X8

£ £

Bar stock 8,200 11,936 Creditors for bar supplies 4,080 4,568 Creditors for expenses 160 248 Summary of Bank Account for 20X8 Receipts £ Payments £

Balance 1 January 20X8 13,280 Bar purchases 80,760 Subscriptions received 12,400 Salaries 16,840 Bar sales 107,600 Rent of club premises 2,800 Interest on investments 4,160 Rates 2,000 General expenses 5,360 Cost of new investments 26,000 137,440 133,760 On 1 January 20X8 the club held temporary investments it had purchased for £49,200, and the furniture in use was valued at £30,400. The club is building up its investments to enable it to purchase its own clubhouse in due course. Depreciation should be charged on the furniture at the rate of 10 per cent per annum on cost.

(a) A bar trading account for 20X8.

(b) A general income and expenditure account for 20X8.

(c) A balance sheet as at 31 December 20X8.