Instructions:

2. Review the information provided about cash receipts and payments for the year ended 30th June 2022.
4. Using the provided data, complete the following tasks:
   • Prepare an Income Statement (Profit and Loss Statement) for the year ended 30th June 2022.
   • Prepare a Cash Flow Statement for the year ended 30th June 2022.
   • Prepare a Statement of Financial Position (Balance Sheet) as of 30th June 2022.
7. Adhere to the organization's policies and industry standards while preparing the financial statements.
9. Ensure all calculations are accurate and properly documented.

Resources:

• The Rockstar Bar Club's Constitution (provided in class)
• Calculator (if required for calculations)
• Prescribed text (provided for reference)

Submission Guidelines:

• Your completed financial statements should be submitted by the specified deadline.
• Use the prescribed format for financial statements, including headings and subtotals.
• Ensure your work is neat, well-organized, and easy to follow.

Cash receipts and payments for the year ended 30th June 2022:

Cash Receipts:	$	Cash Payments:	$
Subscriptions	11,000	Bar purchases	12,000
Bar sales	30,000	Payments to accounts payable	6,000
Hire of function room	5,300	Telephone	900
		Insurance	1,200
		Cleaner's wages	1,500
		Electricity	800
		Bar wages	5,000
		Bank Loan interest	2,900
		Rent paid	10,000
	$46,300		$40,300

Assets & Liabilities as at	1 July 2021	30 June 2022
Bank	15,000	(Please find this missing amount after completing your statement of receipts and payments)21,000
Bar inventory	2,600	2,400
Subscription in arrears	220	880
Subscription in advance	800	270
Bar equipment - at cost	35,000	35,000
Accumulated depreciation - bar Equipment	5,000	6,000
Bank Loan (Due 30/6/20)	16,000	16,000
Accounts payable (bar)	1,000	2,000
Accrued bar wages	0	100
Prepaid rent expense	0	500
Accumulated funds	30020

Question 1

From the following information, you are required to preparetheBar clubTradingStatement(tocalculatesurplusordeficitfrombartrading)

Question 2

Prepare a Statement of Receipts and Payments for the year ended 30th June 2022

Question 3

Prepare a Classified Statement of Assets & Liabilities as of 30th June 2022

Question 4

Prepare a Statement of Income & Expenditure for the year ended 30th June 2022

Question 5

Question 6

Based on the case study calculate financial ratios for liquidity, activity, and profitability by using the financial data provided. Analyse the significance of these calculations in evaluating the financial health and performance of the Rockstar Bar Club.

Prepare Cash Flow Statement for the year ended 30th June 2022