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Sweet Club was established on January 1, 2018. The receipts and payments account of the club for the year ended December 31, 2019 is as
Sweet Club was established on January 1, 2018. The receipts and payments account of the club for the year ended December 31, 2019 is as follows. Sweet Club Receipts and Payments Account Receipts: Payments: Balance bd RM 2.200 Renovation expense RM 1.750 Subscriptions 2,088 Purchases of souviner 328 Sales - Bookstore 3,750 Wages of bookstore staff Debtor - Bookstore 3,400 General expense Sales of souviner 700 Purchases - Bookstore 4.450 Balance eld 4,410 11,938 11,938 400 600 The account balances of the club are as follows. January 1, 2019 (RM) Book inventory 900 Debtor - Bookstore 700 Prepaid subscriptions 35 Accrued subscriptions 1,150 Building 9,000 December 31, 2019 (RM) 1,300 850 40 750 10,000 Required: Prepare for Sweet Club: a. Debtor control account. (2 marks) b. Subscriptions account. (3 marks) c. Trading account of bookstore for the year ended December 31, 2019. (2 marks) d. Statement of income and expenditure for the year ended December 31, 2019. (3 marks) e. Statement of financial position at December 31, 2019
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