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Question 2 MY Club has following details of its receipts and payments during the year 30 September 2019 are as follows: Receipts (RM) Payments (RM)

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Question 2 MY Club has following details of its receipts and payments during the year 30 September 2019 are as follows: Receipts (RM) Payments (RM) Subscription - 30.9.2018 1,000 Refreshment suppliers 3,000 Subscription - 30.9.2019 25,000 Wages 5,000 Subscription - 30.9.2020 700 Cleaning and maintenance 1,200 Rental 6,000 Renovation - clubhouse 5,000 Loan 15,000 Tournament prizes 4,500 Tournament fees 9,000 Other tournament cost 2,500 Refreshment sales 9,000 Office equipment 4,000 Utilities 2.800 Insurance 3,600 Entertainment expense 1,000 Details of assets and liabilities balance are as follows: As at 30 September As at 30 September 2018 (RM) 2019 (RM) Clubhouse 110,000 108,000 Office equipment 10,000 9,800 Subscription in artears 1,000 1.400 Subscription in advance 500 700 Accrued wages 400 1.000 Prepaid utilities 200 150 Accrued rental 50 300 Refreshment Supplier 2.000 1.800 Refreshment inventory 1.000 900 Bank 16,000 27? Additional information: 20% of the wages for the year is for refreshment sales staff. Discount received from refreshment supplier recorded is RM250. Showing all workings, you are required: 2. Refreshment Trading account for the year ended 30 September 2019 b. Income and expenditure account for the year ended 30 September 2019 c. Statement of financial position as at 30 September 2019

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