02Financial Information for the financial year 2021

The value of food and drink stock on June 30, 2021, was $4,320.

Bar Wages paid for bar staff of the year 2021 were $22,140

Accounts payable (for electricity and gas) on June 30, 2021, amounted to $220. The balance owing at the start of the year was also for electricity and gas.

Depreciation expense to be added on assets is $7,500 for machinery, $7,700 for equipment ($4,500 of which was for bar kitchen equipment), and $320 for furniture.

Kitchenware is not depreciated. Replacement of broken kitchenware is accounted for as an expense.

Task 15

Prepare Members Subscriptions account in running balance format.

Members Subscriptions
Date	Details	Debit	Credit	Balance	Dr/Cr

Summary of Receipts and Payments for the year ended June 2021 Task 14 After checking all sources of data provided for its accuracy and consistency, prepare the Statement of Receipts and Payments for the year ended June 30,2021 Summary of Receipts and Payments for the year ended June 2021 Task 14 After checking all sources of data provided for its accuracy and consistency, prepare the Statement of Receipts and Payments for the year ended June 30,2021