Reference no: EM132518329

The following trial balance of the Portmore Netball Club was extracted from the books on 31 July 2019.

Equipment                                        $218,600

Club Building                                    $342,000

Profit from raffles                              $ 15,000

Subscription received                       $383,400

Wages of Bar Staff                            $ 10,200

Bar inventory June 1,2018                  $ 10,700

Bar purchases                                 $ 91,300

Bar sales                                       $134,600

Maintenance worker wages              $ 22,400

Netball Coach's salary                   $87,000

General expenses                            2,300

Cash at bank                                  $45,500

Accumulated fund at June 1, 2018    $297,000

1. Bar inventory at July 31,2019 was valued at $7,500.
2. Subscription paid in advance by members at July 31, 2019 amounted to $2,650.
3. Provision for depreciation of equipment is $3,600.

Question A. Prepare the Bar Trading Account for the year ended July 31,2019.

Question B. Prepare the Income and Expenditure Account for the year ending July 31, 2019.