4.9 Bulldogs Touch Football Club Statement of Receipts and Payments for year ending 30 June 20X5 $ $ Receipts: Canteen sales 2,768 Entrance fees 462

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1 4.9 Bulldogs Touch Football Club Statement of Receipts and Payments for year ending 30 June 20X5 $ $ Receipts: Canteen sales 2,768 Entrance fees 462 Match fees 674 3,904 Less Payments: Ground hire 320 Canteen purchases 1,419 Football purchases 149 Line marking equipment 950 Line marking expenses 312 Umpires fees 236 3,386 Excess of receipts over payments 518 Less deficit cash book balance X4 (49) Closing cash book balance 30 June 20X5 $469

2 4.11 Happy Valley Social Club Bar Trading Account 20X6 20X6 Jun 30 Liquor purchases 28,340 Jun 30 Bar sales 56,420 Bar wages 10,780 Stock 3,570 Income & exp (surplus)* 20,870 $59,990 $59, North Coast Rowing Club Dining Room Trading Account Opening stock X4 847 Sales 24,637 Purchases 10,312 Closing stock X5 1,164 Replacement linen and cutlery 716 Wages 6,374 Depreciation furniture & fittings 950 Income and exp (surplus)* 6,602 $25,801 $25, Strike it Rich Club Poker Machine Trading Account Depreciation 59,641 Takings (Net) (2,700, ,332) 1,708,668 Licenses 24,900 Maintenance 32,702 Wages (132, ,700) 133,983 Showcase prizes 77,810 Supplementary tax (352, ,100) 355,569 Electricity 3,117 Income and exp (surplus)* 1,020,946 $1,708,668 $1,708,668

3 4.15 Canteen Trading Account Stock X7 4,317 Sales 48,150 Depreciation refrigerator 133 Stock X7 5,621 Canteen purchases 17,899 Wages 15,113 Income and exp (surplus)* 16,309 $53,771 $53,771 Workings: Accounts Payable Canteen Supplies 20X7 Bank 17,322 Jan 1 Balance b/d 3,612 Canteen trading purchases* 17,899 20X7 Dec 31 Balance c/d 4,189 $21,511 $21,511 20X8 Jan 1 Balance b/d 4,189

4 4.17 Bluegum Netball Club Dining Room Trading Account Stock (opening) 1,403 Sales: Purchases 56,940 Cash 72,306 Wages (38, ) 39,086 Credit 47, ,026 Electricity and gas 18,216 Discount received 302 Cutlery & crockery replacement 5,198 Stock (Closing) 2,619 Bankcard service fee 1,266 Income and exp (deficit)* 2,470 Payroll tax 962 Bad debts 506 Dep n furniture & fittings 1,840 $125,417 $125,417 Note: Dining room carpet is not included as an expense as it is regarded as a Non Current Asset. Workings: Accounts Payable 20X0 Bank 56,332 Jul 1 Balance b/d 2,368 Discount received 302 Purchases* 56,940 20X1 Jun 30 Balance c/d 2,674 $59,308 $59,308 Accounts Receivable 20X0 Jul 1 Balance b/d 922 Bank 47,119 Sales* 47,720 Bad debts X1 Jun 30 Balance c/d 1,017 $48,642 $48,642 Wages Bank 38,419 Dining room trading* 39,086 20X1 Jun 30 Accrued 667 $39,086 $39,086 7

5 4.19 (a) 20X2 Jul 1 Members Subscription Account Bank 7,320 (subs receivable) 7,630 20X3 Jun 30 Subs in arrears 310 $7,630 $7,630 (b) 20X4 Jul 1 Subs in arrears 140 Bank 4,070 (subs receivable) 4,020 20X5 Jun 30 Subs in arrears 90 $4,160 $4,160 (c) 20X0 Jul 1 Subs in arrears 480 Bank 6,730 (subs receivable) 6,600 20X1 Jun 30 Subs in arrears 350 $7,080 $7,080 (d) 20X6 Jul 1 Subs in arrears 1,120 Bank 14,030 (subs receivable) 13,190 20X7 20X7 Jun 30 Subs in advance 590 Jun 30 Subs in arrears 870 $14,900 $14,900 9

6 (e) 20X8 20X8 Jul 1 Subs in arrears 660 Jul 1 Subs in advance 540 Bank 8,980 (subs receivable) 8,560 20X9 20X9 Jun 30 Subs in advance 1,040 Jun 30 Subs in arrears 740 $10,260 $10,260 (f) 20X2 Jul 1 Subs in advance 1,410 (subs receivable) 14,000 Bank 14,460 20X3 Jun 30 Subs in advance 1,870 $15,870 $15,870 (g) 20X1 Jul 1 Subs in arrears 590 Bank 7,860 (subs receivable) 6,550 20X2 Jun 30 Subs in advance 720 $7,860 $7,860 h) 20X3 20X3 Jul 1 Subs in arrears 450 Jul 1 Subs in advance 230 Bank 10,500 (subs receivable) 10,280 $10,730 $10,730 (i) 20X4 Jul 1 Subs in advance 14,320 (subs receivable) 44,240 Bank 28,690 20X5 Jun 30 Subs in arrears 1,230 $44,240 $44,240 * Missing figures. 10

7 4.21 Corvette Club Income and Expenditure Account Magazines and stationary 480 Members subscriptions 21,400 Hire of meeting hall 1,010 Donations 760 Honoraria 450 Interest 710 Members welfare 1,840 Newsletter costs 3,640 Excursion costs 2,390 Depreciation motor vehicle 1,470 Accumulated fund surplus* 11,590 $22,870 $22,870

8 4.25 (a) Income and Expenditure Account Supervisor s salary 21,312 Members subscriptions 18,611 Rates and taxes 912 Bar trading proceeds 18,119 Laundry 832 Donations 320 Electricity (1, )) 1,546 Interest in investments 4,812 General expenses 4,719 Motor vehicle expenses 7,611 Depreciation plant & equip 237 Accumulated fund surplus* 4,693 $41,862 $41,862 * Entrance fees (joining fees) treated as capital receipt. 13

9 (b) Income and Expenditure Account Salaries and wages (32, ,118) 33,463 Members subscriptions 27,312 Cleaning 1,996 Interest on investments 112 Insurance (2, ) 2,015 Dining room proceeds 3,127 Rates and taxes 1,872 Accumulated funds deficit* 15,209 Electricity 4,123 General expenses 1,072 Depreciation furniture 1,176 Loss on sale of furniture 43 $45,760 $45,760 * Entrance fees (joining fees) treated as capital receipt.

10 4.27 (a) Winsum Golf Club Members Subscriptions Subs In arrears X5 405 Subs In advance X5 800 Income & exp (subs receivable)* 50,683 Bank 50,600 Subs In advance X6 920 Subs In arrears X6 608 $52,008 $52,008 (b) Bar Trading Account Stock X5 4,500 Sales 62,620 Wages 12,000 Stock X6 5,000 Purchases 46,900 Income and exp (surplus)* 4,220 $67,620 $67,620 (c) Income and Expenditure Account Electricity 1,500 Bar trading 4,220 Repairs to mower 380 Members subscription 50,683 General expenses 30,000 Competition fees 2,000 Postage 300 Secretary Manager s salary 10,000 Accumulated fund surplus* 14,723 $56,903 $56,903 * Entrance fees (joining fees) treated as capital receipt. 15

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