CHAPTER 13 ASSIGNMENT 2 The following balances were obtained from the accounting records of Trail Climbing and Hiking Club for the year ending 31 December \\( 200 \\mathrm{Y} \\) : The following amounts were received and paid during the year ending 31 December 200Y: 6. Depreciation on office equipment must be provided for at \10 p.a. according to the reducing balance method. You are required to: 1. Prepare the membership fees account and the trading account: climbing and hiking accessories in the general ledger for the year ending 31 December \\( 200 \\mathrm{Y} \\) and close them off properly. 2. Prepare the statement of receipts and payments for the year ending 31 December \\( 200 \\mathrm{Y} \\). 3. Prepare the statement of income and expenditure for the year ending 31 Decembat \\( 200 Y \\). 4. Prepare the statement of financial position on 31 December \\( 200 \\mathrm{Y} \\). NB: Round off to the nearest rand