Accounting For Not-For-Profit Organizations

The following are the Assets and Liabilities of Tabua Sports Club at 30^th June 2021:

Assets	$
Cash at bank	3400
Subs due	216
Sports equipment	480
Stock of stationery	80
Furniture	1200
Sports pavilion Liabilities	4000
Subs in advance	576
Accumulated funds	??

An analysis of the treasurers cash book reveals the following information in respect of the year ended 30^th June 2021.

Receipts $	Payments	$
Subs:	Wages caretaker	1600
Current year 2800	Electricity	96
Previous year 180	Purchase of sports equipment	200
Next year 80	Affiliation fees	60
Sale of dance tickets 560	Match expenses	88
Sale of furniture (Cost $200) 380	Hire of hall for dance	260
	Hire of band	128
	Refreshments at dance	64
	Purchase of investment	2000
	Stationery	192

Additional Information:

1. Stock of stationery at 30^th June 2021 is $100.

2. Repairs to pavilion invoiced but not paid $156.
3. Hire of band unpaid at balance day $ 72.
4. Depreciation on pavilion to be provided at 10% per annum on cost.
5. Subscription in arrears $52.

You are required to prepare the following:

1. Subs Account
2. Income and Expenditure Account

3. Balance Sheet as at 30^th June 2021