Question 4 (20 marks) The information below relates to the Oshakati Youth Club...
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Question 4 (20 marks) The information below relates to the Oshakati Youth Club for the accounting period ending 31 December 2016 NS Cash in hand 1/1/15 Subscription received: 2015 1 800 2016 2 000 24 000 1 000 6 000 12 500 Receipts for renting of park Receipts refreshing guest Sundry receipts Payments: Repairs Salaries and wages Printing and stationary Caretakers wages Refreshments materials Electricity expenses Vehicle running expenses Payables for repairs Payables for vehicle running expenses Payables for refreshment materials Subscription owing for 2016 1 200 10 000 3 000 6 800 8 500 4 000 5 000 800 400 2 200 3 000 Required: 4.1 Draw the Oshakati Youth Club Subscription Account. (6) 4.2 Draw the Income and Expenditure Account for the year ended 31 December 2016. (14)
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