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need help Question 3: The Kelab Bola Sepak of STAR was formed on 1 December 2018. The following infor was extracted by the treasurer for
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Question 3: The Kelab Bola Sepak of STAR was formed on 1 December 2018. The following infor was extracted by the treasurer for the six months ended 31 May 2019: Receipts and Pavment Account Receipts Subscription Tournament fees Bank interest Sale of club T-shirt Life membership fee Balance b/d 201,60 7,400 700 6,000 67,200 Pavments Purchase of equipment Groundsman's wages Rental and rates Water and electricity Postage and stationery Court maintenance Tournament prizes Purchase of club T-shirt Balance c/d 1 66,000 72,300 10,000 10,800 700 16,000 2,100 7,200 The following information is relevant: I. The annual subscription fee is RM480. On 31 May 2019, there were still fifty memb who had not paid their annual subscription. The payments only received on 5 June 20: 2. The equipment is expected to be used by the club for five years, after which time it w be replaced. Its estimated scrap value at that time is RM2,OOO. 3. During the six months, the club purchased 100 T-shirts printed with its own designec Forty of this T-shirts remained unsold at 31 May 2019. 4. The club had paid business rates in advance on 31 May 2019 of RMI,OOO. 5. The club treasurer estimates that the following amounts should be accrued for expenses: Groundsman's wages 700
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