Question 6: The Questing Theatre Club is an amateur dramatic club that rent premises in which it has established a theatre and bar for the use of its members. The club's treasurer has produced the following summary of the club's receipts and payment during the year ended 31 May 2019 Receipts and Payments Account for the year ended 31 May 2019 Receipts RM Payments RM Cash and bank balance b/ 2.240 Secretarial expenses 1.100 Members' subscriptions 8,920 Rent of premises 3,980 Donations 1,000 Production expenses 37,600 Bar takings 51,800 Bar suppliers 29,400 Tickets sales 34,640 Bar expenses Grants and subsidies 27,600 Fees of guest artists 1,800 Stationery, printing 2,200 Theatre equipment 30,200 Other expenses 9,640 Balance c/d ? Balance b/d The treasurer has also been able to supply the following adjustments and valuations: 8,360 1. Balances for outstanding amounts and prepayments: 1 June 2018 31 May 2019 RM RM Subscription in arrears 700 920 Subscription in advance 320 120 Owings to bar suppliers 2,600 3,300 Bar inventories 5,340 4,660 Production expenses owing 4.980 3,080 Stationery printing prepard 800 600 Valuation of bar equipment 29,000 23,000 Valuation of theatre equipment 70,000 92.000 2. The club's chairman is keen that the report given to the members should bring out the profit or loss made by the bar and the surplus or deficit made on the theatre productions. Only those items which can be directly allocated to the bar or the theatre productions are to be included Required: (a) Prepare the club's subscription account for the year ended 31 May 2019. (b) Prepare the bar trading account for the year ended 31 May 2019 Prepare the theatre productions account showing the surplus or deficit made on productions for the year ended 31 May 2019, (d) Prepare the Questing Theatre Club's income and expenditure account for the year ended 31 May 2019. le Prepare a statement of financial position as at that date