Question 7

You are given the following information for United Tennis Club for the year ended 31

December 20.6.

a) Membership fees received for the year is R93 600.

b) Membership fees were R500 in 20.5, R600 in 20.6 and will be R700 in 20.7.

c) On 1 January 20.6, the membership fees of seven members for 20.5 were still due.

d) On 31 December 20.5, ten members prepaid their membership fees for 20.6.

e) On 31 December 20.6 five members paid their membership fees for 20.7.

f) Membership fees received during 20.6 included the membership fees of two members

who did not pay in 20.5. The other five members' membership fee must be written off as

irrecoverable.

g) On 31 December 20.6, five member’s membership fees for 20.6 were still

outstanding.

What will the properly balanced membership fees for United Tennis Club as at 31

December 20.6 be?