COURSE: DIPLOMA IN ACCOUNTING

SUBJECT: FINANCIAL ACCOUNTING & REPORTING IV

I NEED A COMPLETE ANSWER FOR ALL.

Exercise - Clubs, NPO 36.2A The following trial balance of The Shire Golf Club was extracted from the books as on 31 December 20X3: Notes: (i) Bar purchases and sales were on a cash basis. Bar stocks at 31 December \\( 20 \\times 3 \\) were valued at f6,410. (ii) Subscriptions paid in advance by members at 31 December \\( 20 \\times 3 \\) amounted to \\( \\mathrm{f} 1,870 \\). (iii) Provide for depreciation of equipment \\( \\mathrm{f} 2,400 \\). You are required to: (a) Draw up the bar trading account for the year ended 31 December 20X3. (b) Draw up the income and expenditure account for the year ended 31 December 20X3, and a balance sheet as at 31 December \\( 20 \\times 3 \\)