SLD Fitness Club is a club that provides leisure and fitness services for residents of Lakeview

Housing Estate. The main activity of the club to raise funds is to sell healthcare products. The

following information is taken from the club's financial books:

(a) Balances of asset and liability:

31 March 2020

31 March 2021

RM

RM

Equipment

23,960

28,500

Accounts Receivable (Debtors)

2,820

5,280

Healthcare product inventories

2,250

3,570

Annual membership fees in arrears

180

-

Annual membership fees in advance

-

220

Bank

4,726

25,771

Prepaid magazines and newspaper

-

80EPPD1033

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(b) Receipt and payment summary for the year ended 31 March 2021 is as follows:

Receipt

RM

Payment

RM

Annual membership fees

13,250

Equipment maintenance

440

Entrance fees

1,500

Equipment

1,820

Account receivables (debtors)

15,530

Family day expenses

2,250

Body building competition fees

14,825

Purchase of healthcare product

inventories

13,525

Cash sales of healthcare products

4,500

Employee salaries

4,500

Studio rental

8,720

Magazines and Newspaper

185

Body building competition

expenses

14,335

Donation

225

Additional information:

(i)

1/3 of employee salaries are the wages paid to workers selling healthcare products

(ii)

Equipment is depreciated at 10% annually using straight line method.

(iii)

Entrance fees are considered as revenue income.

(iv)

There is an unrecorded sales return of RM725.

Required:

Prepare;

1.Membership Fees Account.

2.Accounts receivable (Debtors) Control Account.