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Sepang Football Club (KBSS) was established in early 2020. To support the management of the club, KBSS has sold various sportswear and actively organized several
Sepang Football Club (KBSS) was established in early 2020. To support the management of the club, KBSS has sold various sportswear and actively organized several football competitions around Selangor. The financial records show the following balances of assets and liabilities: www.w 1 January 2021 31 December 2021 Sportswear stock Office supplies Vehicles Accrued membershipfee Prepaid membershipfee Bank Creditors Debtors Accrued utility RM RM 2,000 800 2,570 2,860 40,000 45,000 1,100 500 700 400 12,600 37,270 3.200 1,400 2,960 790 100 A summary of receipts and payments for the year ended December 31, 2021 is asfollows: Receipts RM Payments RM Membershipfee 9,200 Office supplies 1,650 Entrancefee 3,000 Utility 600 Corporate contributions 10,000 Rent of equipment 1,500 Collection of competitionfee Debtors 20,000 Salaries of workers 5,250 13,770 Wages of sportswear sales workers 2,100 Entertainment expense 1,900 Cost of managing competition 3,500 Creditors 7,000 Donations to orphans 2,800 Buy a motorcycle 5,000 Entrancefees are considered as revenue receipts. Additional information: 1 2. 3. Vehicles are depreciated 10% per annum using the straight-line method. Corporate contributions received are considered as capital receipts Required: Preparefor KBSS Fee Account aj b) Debtor Control Account and Creditor Control Account C) di Sportswear Trading Accountfor the year ended December 31 2021 Statement of Income and Expenditure for the year ended December 31 2021
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