) EXERCISE 3 - 20 MARKS SINGLE ENTRY AND ACCOUNTS FOR CLUBS AND ASSOCIATION The Emotional Wellness Association led by its chairman by the name of Samad Stress is closing its account for the year 2020. After meeting with his treasurer Miss Nur Atikah, he laid down all the details regarding the receipts and payment occurred during the year of 2020. Since Nur Atikah is a graduate from the International Islamic College, Samad Stress has full confidence that Nur Atikah is capable to settle all the accounts. She is now stress...... Emotional Wellness Association Receipts and Payment Account Balance b/d 52.400 Purchase of stress equipment 40,000 Registration fee 24,200 Membership fee 83 modum 13.800 38,000 Cafe purchases 37.600 37.000 96,000 Gym purchases ace 16.300 10,500 Gym debtors 24.700 Utilities 21.500 21.500 Caf debtors 28,400 Rental 36.000 General donations 18.800 Club activities 47,300 Donations for Stress Clinics 25,000 Salary and allowances 72,000 12,000 Caf creditors 85.000 Gym creditors Gym sales Cafe sales Balance cld 378,3001 69,600 378,300 Allocation of expenses Club Gym Cafe Utilites 20% 20% 60% Rental 20% 30% 50% Salary and allowance 30% 30% 40% Additional information regarding to the accounts and the allocation of expenses are as below, Accounts balances 2019 2020 Debtors - Gym 12,500 14,800 Catc 3,700 10,200 Creditors - Gym 3.000 1,800 - Cafe 1,800 4.100 Inventory Gym 8001 1.600 Caf 3,600 5,400 Required; A. Trading accounts for the relevant business activities. (13 marks)