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Calculate the subscriptions to be credited

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Reference no: EM132547537

Question - The following related to subscriptions for the Outjo Sports Club during Dec 2015 members paid $750 subscriptions in advance for 2016 on 1 Jan 2016 members owed $500 for 2015 during 2016 $400 of this amount was paid. The outstanding balance was to be treated as a bad debt in the account for 2016 during 2016 members paid $8900 for 2016 subscriptions during Dec 2016 some members paid $600 subscription in advance for 2017 at 31 Dec 2016 subscriptions outstanding for 2016 amounted to $550.

Required - Calculate the subscriptions to be credited to the income and expenditure account for the year ended 31 Dec 2016. Present in a form of Subscription account and show all workings.

Reference no: EM132547537

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