A summary of the Amben Bowling Club's cash book is shown below. From it and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2012, and a statement of financial position as at that date and use them to answer the questions below:

Cash Book Summary
	$		$
Balance at 1.1.2012	2,800	Purchase of equipment	600
Collections at matches	8,600	Rent for pitch	2,400
Profit on sale of refreshments	11,000	Printing and stationery	100
		Secretary's expenses	160
		Repairs to equipment	140
		Groundsman's wages	8,000
		General expenses	120
		Balance at 31.12.2012	10,880
	22,400		22,400

Further information:

(i) At 1.1.2012 equipment was valued at $3,000

(ii) Depreciate all equipment 10 per cent for the year 2012.

(iii) At 31.12.2012 rent paid in advance was $600

(iv) At 31.12.2012 there was $40 owing for printing.

__________________________________________________________________________

(9) Compute the accumulated fund balance as at 1.1.2012.

(A) $8,500

(B) $3,000

(C) $2,800

(D) $5,800

(10) Compute the total income of the club for the year ending 31.12.2012

(A) $19,600

(B) $11,000

(C) $8,600

(D) $5,800

(11) Compute the total expenditure for the club for the year ending 31.12.2012.

(A) $8,000

(B) $8,800

(C) $10,720

(D) $17,120

(12) Compute the surplus of income over expenditure for the year ending 31.12.2012

(A) $10,720

(B) $8,880

(C) $8,500

(D) $8,850

(13) Compute the total assets of the club as at 31.12.2012.

(A) $14,720

(B) $3,240

(C) $8,600

(D) $14,680

(14) Compute the accumulated fund of the club as at 31.12.2012.

(A) $14,720

(B) $3,240

(C) $8,600

(D) $14,680.

(15) A cheque paid by you, but not yet passed through the banking system, is..

(A) A standing order

(B) An unpresented cheque

(C) A credit transfer

(D) A dishonored cheque.

(16) A credit balance of $400 on the cash columns of the cash book would mean

(A) We have spent $400 more than we have received.

(B) We have $400 cash in hand.

(C) The bookkeeper had made a mistake.

(D) The bookkeeper has stolen $400.