Receipts and Payments Statement for the year ended 31 December 2016 Paments Bank balance 01.01.2016 Subscription: 2015 (Arrears) 2016 2017 (in advance) Bar Sales Donation Received 5 250 2 450 2 100 1720 1 125 1360 1 520 2 640 3 650 9 185 31 000 1 000 Payment for bar supplies Wages: Groundsman 350 |Wages: Barman 18450 Bar Expense 220 Repairs to Stand seat 10 500 Ground Maintenance 480Secretary's Expenses Telephone Expense Transport Expense Bank balance 31.12.2016 31 000 31.12.2016 NS 3 250 1 950 180 195 Notes Bar Inventory Bar Supplies Owing Bar Expense Owing Transport Cost Owing 31.12.2015 NS 2550 1 880 120 The land and football stands were valued at 31 December 2015 at: Land NS 22 100; Football stands N$ 14 500; the stands are to be depreciated by 10 per cent per annum. Furniture and fittings at 31 December 2015 was valued at NS13 500 and is to be depreciated at 10 per cent per annum. Subscription owing by members amounted to NS 350 on 31 December 2015, and NS420 On 31 December 2016. Required: a) b) c) Draw up a Bar Trading Statement for the year ended 31 December 2016 Income and Expenditure Statement for the year ended 31 December 2016. Prepare Statement of Financial Position as at 31 December 2016. 09 Marks 12 Marks 19 Marks