NON PROFIT ORGANISATION

Use the following information taken from the records of Khozalinga Rugby Club on $31$ December $2022$ to prepare:

$1\mathrm{.}1$ The membership fees account for the year ended $31$ December $2022$

INFORMATION:

Khozalinga Rugby Club

Shortened statement of financial position as at $31$ December $2021$

R

ASSET

Office equipment $15800$

Inventory: Rugby balls $160$

Stationary $50$

Membership fees receivable $300$

Bank $2100$

$18410$

EQUITY AND LIABILITY

Retained income $17910$

Membership fees received in advance $400$

Wage payable $100$

$18410$

$$

Statement of receipts and payments for the year ended $31$ December $2022$

Receipts R Payments R

Balance $(1$ Jan $2022)2100$ Equipment $(1$ Jul. $2022)2500$

Entrance Fees $1600$ Rent of rugby field $12000$

Membership fees $11800$ Wages $800$

$2021200$ Stationary $180$

$202211100$ Tournament expenses $1060$

$2023500$ Rugby balls $430$

Sale of rugby balls $400$ Affiliation fees $400$

Tournament tickets sold $1500$ Honorarium to treasurer $150$

Donantions $3000$ Balance $(31$ Dec. $2022)2880$

$2040020400$

Additional information

$$ Inventory on hand $31$ December $2022$

o Stationary R$15$

o Rugby Balls R$36$

$$ The club had $100$ members on $1$ January $2022$

$$ Two members resigned after they were transferred to another city at the end of January $2022.$ The club$$s management decided not to charge them any membership fees for $2022$

$$ Twenty new member joined the club during $2022$

$$ Membership fees are R$100$ per member per year

$$ According to the constitution of the club, any member whose membership fee for the previous year is still outstanding by $31$ march is expelled and the outstanding fee written off as irrecoverable

$$ Equipment is depreciated at $20\%$ per annum on carrying amount

$$ Entrance fees are capitalised

Required:

$1\mathrm{.}1$ Complete the membership fees general ledger account