Reference no: EM132544829

business uses accrual

31/07/2019 Members subscriptions received $41,000

31/07/209 Arreas of subcriptions $100

31/07/2019 Suscriptions in advance $400

31/7/2019 The Cash Book Shows the Following Information:

Members subscription $41,000

Donations $7,800

Receipts from Social Event Held $9,000

Joining Fees $6,100

Equipment $4,100

Wages for hosting the social event $4,200

Decorations and other costs for social event $3,100

Telephone $3,600

Insurance $3,200

Internet costs $1,200

Designing & writing the monthly e-magazine $1,000

other information

The Bank Balance as at 01/07/2019 was $ 0

Equipment monthly depreciation $100

July rent not yet paid $400

Question 1: What is the amount of Net surplus?