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(b) In (c) Balance Sheet as at Decen 7. Dwamena Akenten Old Students' Association (DAOSA) was inaugurated on September 1. All the 30 foundation members
(b) In (c) Balance Sheet as at Decen 7. Dwamena Akenten Old Students' Association (DAOSA) was inaugurated on September 1. All the 30 foundation members agreed to pay monthly dues of 6,000 (a) Twenty-seven members had paid fully their dues six of which had paid for the per head. On Sept. 30, the treasurer's report revealed that following month and three others for the next two months. (c) Two dinner dances which cost 6,000 and 45,000 respectively yielded gate (b) A set of fairly used jerseys had been bought for $63,000. proceeds of e12,000 and 144,000. (d) Hiring of plastic chairs for 8 meetings had cost $6,000 per each meeting; all other expenses on meetings totalled 18,000. (e) e60,000 had so far been spent on the printing of club t-shirts to be worn on the day of meeting with a Vice President of World Bank who is also an old student. The meeting is scheduled in November. (f) Secretary's expenses for September amounted to 39,000. You are required to prepare the club's: (i) Subscriptions Account (ii) Receipts and Payments Account, (iii) Income and Expenditure Account, and Balance sheet, for the month. (iv) 8. Offinso Youth Association (OYA) was inaugurated on April 1, 1998 with 60,000 cash and e220,000 worth of public address system. Out of the 243 members, each of the 163 males is paying $500 and females 300 per month. At the end of the first month, the following information were found in the books: (a) 8 members were angry with the executives and had withdrawn their membership; half of this number had paid their dues. Nobody owed dues. (b) 3 months' rent of 42,000 had been paid. (c) Well-wishers donated 13,000 during the club's marathon event which cost 8,000. (d) On Easter Sunday, gifts presented to the Offinso Community Orphanage cost 50,000. (e) A Saturday night get-together which cost $50,000 yielded 65,500. (f) 84 members paid 1,000 entrance fees for indoor games organized one evening. Total prize cost 2,000. (g) 4 debating sessions brought gate fees of $113,000; they cost $70,000. (h) A "pick-and-act" programme held brought in 30,000 and took away $7,500. (i) If the public address system is valued 10% less than its original value, staff wages 80,000 and miscellaneous expenses totalled $43,200, prepare for OYA: a Receipts and Payments Account, for the month of April, 1998, and an Income and Expenditure Account for the month of April, 1998. (ii)
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