Prepare the:

(a) Bar trading account for the year ended 31 December 2021. (3 marks)

(b) Receipts and payments account for the year ended 31 December 2021.

(c) Income and expenditure account for the year ended 31 December 2021. (10 marks)

(d) Statement of financial position as at 31 December 2021. (4 marks)

The Unicom Club with of 50 members had the following assets and liabilities on 1 January 2021: RM Cash 500 Bar stock 500 Clubhouse 10,000 Equipment (Net) 2,050 Creditors 300 2. During the accounting year ended 31 December 2021, the following cash receipts and payments were made: Receipts: 1. Membership fees of RM36 each per annum was received from 50 members. During the year, 10 new members were admitted. Each paid RM30 as an entrance fee in addition to the annual subscription for the year. The members held a successful variety show in aid of the club extension fund. Total receipts were RM3,400. The cost involved in organising the show amounted to RM560. Donations of RM200 were given to the club. 3. Bar receipts totaled RM11,200. All sales in the club bar were in cash only. Payments: RM Maintenance 515 Wages of staff Electricity and water Miscellaneous expenses Purchase of new billiard table Settlement of outstanding creditors Bar wages 1.000 Bar purchases 8,000 Additional information: 1. Closing stock for club bar RM600. 2. It is the policy of the club to set aside 10% of equipment at the end of each year as depreciation. 3. Entrance fees are regarded as revenue receipt. 4. Funds raised by variety concert are capitalised for building premises. 5 Electricity and water owing RM20. 800 150 205 250 300