On 1 June 20-8 the Northside Sports Club had the following assets and liabilities: sports equipment £1,580, furniture £1,090, cash at bank £692, sundry expenses owing £76, stock of drinks £708.

The following is a summary of the receipts and payments of the club for the year ended 31 May 20-9:

Receipts

£

Payments

£

Subscriptions 3,750 Expenses of annual dance 432 Annual dance 974 Rent 1,595 Locker rents 548 New tables 360 Competition fees 396 Prizes for competitions 158 Bar sales 2,836 Sundry expenses 612 Bar purchases 1,574 Insurance 495 On 31 May 20-9 the following adjustments had not been made:

(i) Bar stock valued at £692

(ii) Insurance prepaid was £78

(iii) There was £145 owing for rent You are required to:

(a) Calculate the club’s bank balance at 31 May 20-9.

(b) Prepare a bar trading account for the year ended 31 May 20-9.

(c) Prepare an income and expenditure account for the year ended 31 May 20-9.

(d) Calculate the accumulated fund at 1 June 20-8.

(e) Prepare a balance sheet as at 31 May 20-9.