Thai Sikh International School
Name: Subject: Accounting
1.
The Apollo Athletics Club was formed
some years ago to provide various sporting facilities for its members. The club
also has a shop where members can purchase sportswear.
The following receipts and payments Account for the
year ended 31 July 2009.
Receipts
and Payments Account for the year ended 31 July 2009.
Date Receipts $ Date Payments $
2008 2009
Aug 1 Balance b/d 4400 July 31 Purchase
of shop stock 4260
2009 Wages-
Shop assistant 2600
July 31 Subscriptions 11720 -Athletics
coach 5400
Receipts
from shop 7920 Rates and insurance 656
Competition
entrance fee 2200 General expenses 2240
Sports
equipment 5900
Competition
prizes 1320
Balance
c/d 3864
------------- -----------
26240 26240
------------ -----------
2009
Aug 1 Balance b/d 3864
The treasurer also provided the following additional
information:
On 31 July
2009:
Insurance
prepaid amounts to $32
Wages
of athletics coach outstanding amount to $800
30 members
still owe their annual subscription of $ 40 each for the current financial year
16
members have paid their annual subscription of $ 40 each for the following
financial year
Sports
equipment is to be depreciated by $ 3430.
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