The N. I. Jock United Social Club was started in 20W2 to provide facilities for Jock UnitedFootball Supporters in Northern Ireland. At 1 January 20X4 there were 400 paid-up members for 20X3 (£20 per annum) and 20 members who still owed their dues for 20X3. Ten members had already paid their subscriptions for 20X4 before the current year (in advance). Refreshments were served at each match and a group of members provided the meals at cost plus 20 per cent. Travel to matches was arranged and any surplus was put into club funds. Functions during the winter were varied and many were open to the public. The Club rented premises, which they furnished at a cost (in 20X0) of £3,000, and had hired gaming machines on which they paid 30 per cent of the takings. On 1 January 20X4 the Club owed money to three companies for merchandise. The amounts owed are as follows:

During the year the Club received goods from these companies worth the following:

They returned goods to Bisto Ltd worth £500 as they were unhappy with the quality of the products. Sam Ltd gave 10 per cent discount as the Club paid that account within one month.
On 31 December 20X4 there were unpaid accounts for secretarial expenses of £450 and printing brochures for trips/outings to matches in England of £200. Rates of £600 had been paid to 31 March 20X5. The rates paid last year amounted to £500. The last electricity bill amounting to £600 was paid for on 15 December 20X4 for the period to 31 October 20X4. The bill for the period to 31 January 20X5 has not yet been received.
The following is the cash record for the year to 31 December 20X4:

Required
a. Open personal accounts in the purchases ledger and post the transactions. Write up the purchase ledger control account and reconcile the balance on the control account with the balances on the personal accounts.
b. Prepare an income and expenditure account for the year ended 31 December 20X4, taking into consideration that the furnishings have been depreciated at the rate of 10 per cent per annum (reducing balance method) since purchase; that at 1 January 20X4 there was an inventory of refreshments of £300; and that at 31 December 20X4 the inventory had been reduced to £100.
c. Prepare a statement of financial position for the club as at 31 December 20X4.

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Sam Ltd Jockie Ltd Bisto Ltd £100 £200 £150