On 1 June 20-4 the assets and liabilities of the Ambrose Cricket Club were as follows:

£

Club premises 65,000 Equipment 12,500 Cash at bank 7,370 Unpaid bill for travelling expenses 55 During the year ended 31 May 20-5 the following receipts and payments were made:

£

Members’ subscriptions 7,500 Purchase of new grass cutting machine 1,695 Insurance premium 830 Travelling expenses to away matches 1,315 Rates 920 Stationery and postage 163 Purchases of refreshments 738 Payment of league entry fees 250 Wages of groundsman 1,400 Printing expenses 97 Refreshment bar takings 1,576 Lighting and heating 410 Interest received from bank 74 The following adjustments have not yet been made:

(i) On 31 May 20-5 there was an invoice for printing of £49 which had not been paid

(ii) There was an unused stock of stationery valued at £35 and unused postage stamps valued at £18 You are required to:

(a) Prepare a receipts and payments account for the year ending 31 Mav 20-5.

(b) Prepare an income and expenditure account for the year ending 31 May 20-5.

(c) Calculate the accumulated fund at 1 June 20-4.

(d) Prepare a balance sheet as at 31 May 20-5.

The profit or loss on the refreshment bar should be shown.

You should show clearly how you have dealt with the adjustments.