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2 QUESTION 1 Fungu is a sports cub that was opened two years ago around Makhado. It accepts all people in and around the Makhado

2
QUESTION 1
Fungu is a sports cub that was opened two years ago around Makhado. It accepts all people in and around the Makhado who wants to be developed in all kinds of sports. Members pay a subscription tee of R250 per year.
On 1 November 2018, Fungu sports club had the following information.
A. The following balances and totals were extracted on 1 November 2018:
\table[[Bank,R],[Stock on hand,15800],[Amount owed for insurance,2066],[Membership fees in arrears,667],[Snvings account: 12% p.a.,1000],[Euupment at cost,5000],[Income received in advance (membership fees),6000],[Vehicle at cost,1250]]
B. The treasure of Fungu was able to present the following information about the iports centre on
31 October 2019:
\table[[RECIEPTS,PAYMENTS],[R,R,],[Donation from members,3500,Rent expense,],[Tuck shop sales,41230,Membership fees refunded,6700],[Membership fees:,,Stationery,6750],[2018,750,Refreshments,600],[2019,40000,Honorarium,4800],[2020,500,Insurance,1200],[Interest on savings account,330,Purchases,4480]]
ADDITIONAL INFORMATION
Stock on hand or the bar as on 1 October 2019, R4260
Five members must still pay their subscription fees for 2018
The committee for the sports club decided to write off any arrears of affiliation fees for the year ending 2018.
1? of the donations received by the club must be capitalised.
Provide for the outstanding interest on the savings account.
An amount of R200 which is still payable for administration expenses was by mistake included I the honorarium account.
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