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Please help asap. Golf Club for the year ending 31 December 2020 Membership fees received for 2019 Membership fees received for 2020 Membership fees received
Please help asap. Golf Club for the year ending 31 December 2020
Membership fees received for 2019 Membership fees received for 2020 Membership fees received for 2021 Purchases - Bar Salaries and wages Rates and taxes Insurance Sales-Bar Admission fees received Depreciation for the year Bank - favourable (1 January 2020) Bar inventory (1 January 2020) Membership fees received in advance (1 January 2020) Accrued membership fees for 2019 (1 January 2020) Accrued membership fees (31 December 2020) Telephone expense R 46 500 360 000 22 500 43 500 91 500 39 600 18 900 91 500 75 000 211 500 94 050 21 600 15 600 31 800 38 100 9 000 Additional information: 1. Bar inventory for 31 December 2020 is R10 500. 2. Included in the accrued membership fees on 31 December 2020 is R6 000 with respect to the previous year which must be written off. 3. R4 500 of the rates and taxes was for the year ending 31 December 2020. 4. R3 000 of telephone account is prepaid for the following year. 5 Admission fees received must be capitalised. The amount to be credited to the income and expenditure account in the trading account for the bar mounts to? A R43500 BR36 900 R59 100 None of the above What is the total membership fees received in cash during the year ended 31 December 2020? A. R406 500 B. R360 000 DR429 000 None of the above What entry will be made in the membership fee account to record the R22 500 membership fees received for 2021 Debit entry Credit entry Debit and credit entry D. The R22 500 will not be shown in this account Which of the following depicts the correct journal entry for the accrued membership fees of R6 000 to be written off? A Debit Credit losses R6 000; Credit Membership fees R6 000 3 Credit Membership fees R6 000; Debit Credit losses R6 000 Debit Credit losses R6 000; Credit Allowance for credit losses R6 000 D. None of the above What will the total receipts amount be in the statement of receipts and payments of Greenwoods Golf Club for the year ended 31 December 2020. A R429 000 BR595 500 CR504 000 D. None of the above What will the total payments amount be in the statement of receipts and payments of Greenwoods Golf Club for the year ended 31 December 2020. A. R202 500 B. R220 800 CR159 000 D. None of the above Step by Step Solution
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