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Adjustments : The subscriptions of 1875 include 175 paid by members in advance for next year. The closing bar stock at the end of the

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Adjustments :
The subscriptions of 1875 include 175 paid by members in advance for next year.
The closing bar stock at the end of the year is 320.
Rent (Prepaid) of 500 has been paid for the first quarter of next year.
Depreciate the furniture & fittingsby 200 and sports equipment by 250.

Requirement :
You are required to preparean Income & Expenditure Account and Balance Sheet for the year ended 31st December 2021.

South Dempsey tennis Club Trial Balance As on 31 December 2021

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