Receipts	$	Payments	$
Bank Balance 1.1.2018	5,240	Bar Supplies	39,620
Subscriptions Received for:		Wages:
2017 (arrears)	550	Grounds man and assistant	9,390
2018	12, 280	Bar man (wages)	6,240
2019 (In advance)	400	Bar expenses	2,340
Bar Sales	56,280	Repair to stands	1,190
Donation received	1,200	Grounds up keep	2,290
		Office assistant expenses	1,380
		Transportation Cost	3,050
		Bank Balance 31. 12. 2018	10,530
	76030		76030

Additional Information:

2017 2018 1. Inventory in the bar -- at cost 4,960 5,580 Owing for bar supplies (creditors) 2,940 3,400 Bar expenses owing 250 360 Transport costs -- 650

2. The land and baseball stands were valued at 31 December 2017 at:

Land $40,000 Baseball stands $4,000

The stands are to be depreciated by 10 percent per annum

3. The equipment at 31 December 2017 was valued at $5,500, and is to be depreciated at 20 percent per annum.

4. Subscriptions owing by members amounted to $550 on December 2017, and $660 on December 2018.

Question 1 Required:

A. Prepare the club's statement of affairs as at 31 December 2017 (5 marks)

B. Prepare the bar trading account for the year ended 31 December 2018 (7 marks)

C. Prepare the income and expenditure account for the year ended 31 December 2018.