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Use the following data to answer questions 9-14 below: A summary of the Amben Bowling Club's cash book is shown below. From it and the
Use the following data to answer questions 9-14 below: A summary of the Amben Bowling Club's cash book is shown below. From it and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2012, and a statement of financial position as at that date and use them to answer the questions below: 5 Cash Book Summary $ Purchase of 2,800 equipment Balance at 1.1.2012 600 8,600 2,400 Collections at matches Profit on sale of refreshments Rent for pitch Printing and stationery 11,000 100 Secretary's expenses 160 Repairs to equipment 140 Groundsman's wages 8,000 General expenses 120 Balance at 31.12.2012 10,880 22.400 22.400 Further information: 6) At 1.1.2012 equipment was valued at $3,000 (ii) Depreciate all equipment 10 per cent for the year 2012 (iii) At 31.12.2012 rent paid in advance was $600 (iv) At 31.12.2012 there was $40 owing for printing. 9) Compute the accumulated fund balances at 1.1.2012 (A) S8 SOO (B) 53,000 (C) $2,800 (D) 55,800 (10) Compute the total income of the club for the year ending 31.12.2012 (A) $19.500 (B) $11,000 (C) $8,500 (D) $5,800 (1) Compute the total expenditure for the club for the year ending 31.12.2012 5 (A) $8,000 (B) $8,800 (C) $10,720 (D) $17,120 (12) Compute the surplus of income over expenditure for the year ending 31.12.2012 (A) S10,720 (B) $8.880 (C) 58.500 (D) S8,850 (13) Compute the total assets of the club as at 31.12.2012 (A) $14,720 (B) 53.240 (C) $8.600 (D) $14,680 (14) Compute the accumulated fund of the club as at 31.12.2012 (A) $14.720 (B) $3,240 (C) 58,600 (D) $14,680
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