QUESTION 1) The information below was extracted from the books of Havoc Netball Club

QUESTION 1)

The information below was extracted from the books of Havoc Netball Club.

A. The following balances and totals were extracted on 1 January 2019:

B. The following was extracted from the receipts and payments records for the year ending 31 December 2019:

ADDITIONAL INFORMATION AND ADJUSTMENTS:

• Membership fees are R450 per member.
• Four members must still pay their membership fees for 2019.
• Membership fees still outstanding for 2018 must be written off.
• The club has decided that half the donations must be capitalised.
• Provision must be made for the outstanding interest on loan.
• Interest received on fixed deposit is for 10 months. Make provision for the outstanding interest.
• Stock on hand for the tuckshop for 2019 amounts to R7680.

REQUIRED:

Draw up the following accounts in the general ledger:

NOTE: Close off the membership fees and trading accounts only.

1. 1. Tuckshop Trading account
   2. Membership fees
   3. Statement of income and Expenditure