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The Happyville Social Club's Constitution requires it to prepare annual financial statements and present them to members at the Annual General Meeting. Using the following

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The Happyville Social Club's Constitution requires it to prepare annual financial statements and present them to members at the Annual General Meeting. Using the following information provided by the Happyville Social Club, you are required to complete the following tasks in line with the organisation's and accepted industry policies and procedures: a) Calculate credit bar purchases b) Calculate the bar wages expense c) Prepare a Bar Trading Statement (to calculate surplus or deficit from bar trading) d) Calculate subscription income e) Calculate rent expense f) Prepare a Statement of Income & Expenditure for the year ended 30th June 2021 g) Prepare a Trial Balance at 11 July 2020 (to calculate Accumulated Funds at July 1 2020) h) Prepare a statement of Receipts and Payments for the year ended 30th June 2021 i) Prepare a Classified Statement of Assets & Liabilities as at Roth luna 0081 oos'90$ pied ques 7Sjaju ueon Yueg sadem jeg oos'obs 000'OT 006-2 000's 008 OOS'T 002' 006 000'9 000ZT salem s Jaueap aqueinsuj auoydalal ajqehed sunoge of squamhed saseypund jeg Squawod ysby ooe's 000os 000TT n g H sjes jeg suopdyosans sydiaan yspy $ S TZOZ aunty.oe papua bak ay: jof squawkod pup daas ysby Assets & Liabilities as at 30 June 2021 Bank Bar inventory Subscription in arrears Subscription in advance Bar equipment-at cost Accumulated depreciation - bar equipment Bank Loan (Due 30/6/17) Accounts payable (bar) Accrued bar wages Prepaid rent expense 1 July 2020 15,000 2,600 220 800 35,000 5,000 16,000 1,000 2,400 880 270 35,000 6,000 16,000 2,000 0 100 500 0

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