Answer to Question #231802 in Economics for edd

Question

on 31 May 2018, the club’s assets and liabilities were: Motor vehicle at N$ 14 500, Office equipment at 2 800, Cash on hand N$ 80, Bank balance N$ 3 100 (overdrawn), Saving with Swabou N$ 100, Subscription in arrears N$ 1 260, Bar Creditor N$ 2 440 and Subscription received in advance N$ 200. club also running a bar . 31 May 2019. Receipts Subscriptions received - For year ended 31 May 2018 1 060 - For year ended 31 May 2019 12 900 - For year ended 31 May 2020 570 Bar Sales 9 800 Donation Received 1 600 Payment bar supplies 5 200 Wages: Club Manager 6 300 Wages: Bar lady 1 220 Bar expense 810 Repairs 960 secretary expense 750 Transport expense 460 telephone expense. 31 May 2019 180 Bar Inventory 1 380 Drawings 11 400 Bar supplies Owing 1 390 Depreciation expense: Motor Vehicle 600 Depreciation

: Office equipment 250 a) Calculate accumulated fund at 31 May 2018 03 Marks b)

c) bar trading as at 31 May 2019 & income and expenditure statement as at 31 May 2019 d) statement of financial position at 31 May 2019

Answer 1

Dear edd, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order