CSEC Principles of Accounts · January 2014 · Paper 2 · Question 6(a)

The West District Windball Cricket Club Receipts and Payments Account shows receipts: Balance b/f 4 200, Subscriptions 10 360, Donations 500, Snack bar takings 13 440; and payments: Rent 5 000, Snack bar purchases 7 150, Secretarial expenses 2 500, Uniform expenses 3 300, Repairs to equipment 750, Purchases of new equipment 5 000, Other expenses 1 930, Balance c/f 2 870. Other data: Subscriptions in arrears at 1 Jan 2013 250, at 31 Dec 2013 280; Subscriptions in advance at 1 Jan 2013 190, at 31 Dec 2013 0; Snack bar inventory at 1 Jan 2013 3 260, at 31 Dec 2013 3 740; Equipment valuation at 1 Jan 2013 17 500, at 31 Dec 2013 20 200.

Prepare the Subscription Account for the year ended 31 December 2013.