Please provide a detailed and accurate answer, please.

6. You are required to: The Coconut Shells Music Society was formed several years ago with the intent to promote music education around The Bahamas. Currently there are 40 members who each pay an annual subscription of $100. (a) Name the equivalent for a trading business and explain a feature which differentiates the On 1st May 2015 the Coconut Shells Music Society had the following assets: two: Musical instruments (book value) Balance at bank Subscriptions due from members Rent of premises prepaid $ 1 000 2 500 800 320 (i) Income and Expenditure Account [2] (ii) Accumulated Fund [2] (b) Prepare the receipts and Payments Account of the Coconut Shells Music Society for the year ended 30th April 2016 (10) (c) Prepare the Subscriptions Account as it would appear in the ledger of the Coconut Shells Music Society for the year ended 30th April The Treasurer provided the following information relating to the year ended 30th April 2016. All receipts were paid into the bank and all payments were made by cheque. 2016 $ Show the amount that was transferred to the $ 1 200 3200 600 Income and Expenditure Account. [6] 5 000 2 200 1 300 Subscriptions received from members: for the year ended 30th April 2015 for the year ended 30th April 2016 for the year ended 30th April 2017 Receipts from concert Expenses from concert Rent of premises: for the year ended 30th April 2016 for the year ended 30th April 2017 General expenses Insurance Proceeds of sale of musical instruments Purchase of new musical instruments 1 350 390 1 740 190 330 920 3460 | 6. You are required to: The Coconut Shells Music Society was formed several years ago with the intent to promote music education around The Bahamas. Currently there are 40 members who each pay an annual subscription of $100. (a) Name the equivalent for a trading business and explain a feature which differentiates the On 1st May 2015 the Coconut Shells Music Society had the following assets: two: Musical instruments (book value) Balance at bank Subscriptions due from members Rent of premises prepaid $ 1 000 2 500 800 320 (i) Income and Expenditure Account [2] (ii) Accumulated Fund [2] (b) Prepare the receipts and Payments Account of the Coconut Shells Music Society for the year ended 30th April 2016 (10) (c) Prepare the Subscriptions Account as it would appear in the ledger of the Coconut Shells Music Society for the year ended 30th April The Treasurer provided the following information relating to the year ended 30th April 2016. All receipts were paid into the bank and all payments were made by cheque. 2016 $ Show the amount that was transferred to the $ 1 200 3200 600 Income and Expenditure Account. [6] 5 000 2 200 1 300 Subscriptions received from members: for the year ended 30th April 2015 for the year ended 30th April 2016 for the year ended 30th April 2017 Receipts from concert Expenses from concert Rent of premises: for the year ended 30th April 2016 for the year ended 30th April 2017 General expenses Insurance Proceeds of sale of musical instruments Purchase of new musical instruments 1 350 390 1 740 190 330 920 3460 |