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Question 10 The Treasurer of the Leichhardt Tennis Club provides the following information for the year ended 30 June 2018: Cash Receipts Sales of refreshments

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Question 10 The Treasurer of the Leichhardt Tennis Club provides the following information for the year ended 30 June 2018: Cash Receipts Sales of refreshments 35,000 Members Subscriptions 12,000 Hire of Courts 4,000 Cash Payments Wages 4,000 Refreshment purchases 18,700 Re-marking of tennis courts 4,100 General Expenses 2,200 Refreshments expenses 6,500 Bank loan interest 1,500 Assets & Liabilities as at: 01 July 2017 30 June 2018 Cash at bank 10,000 24,000 Refreshment Inventory 600 780 Subscriptions in arrears 120 40 Subscriptions in advance 400 300 Tennis Courts (net) 20,000 18,000 Refreshments equipment (net) 4,500 4,000 Bank Loan 15,000 15,000 Required: Members Subscription account. Refreshments Trading account. A statement of Income & Expenditure. A Trial Balance to ascertain Accumulated Funds at 1 July 2017. Statement of Assets & Liabilities as at 30 June 2018. Please answer Question 10 here

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