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Prepare dances and socials trading account for the year

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Reference no: EM132997000

Question - The Went worth Club provides you with the following information:

Dining Room Sales $35,000

Ball Proceeds $10,800

Dining Room Purchases $3,550

Hire of Hall for Ball $1050

Hire of band for Ball $650

Dining Room Wages $2500

Dining Room Miscellaneous Expenses $500

Miscellaneous Expenses for Ball $400

Dining Room Inventory -01/January/2020 $4150

Dining Room Inventory -31/December/2020 $2250

Required -

(a) Prepare Dining Room Trading Statement for the year.

(b) Prepare Dances and Socials Trading Account for the YEAR.

Reference no: EM132997000

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