The treasurer of the Sandbury Sports Club did not keep full accounting records. The following information was available at 31 October 2011: Cash Book (summary) $ $ Balance b/d 1 November 2010 105 Purchase of refreshments 19000 Subscription received: Rent and rates 1200 – for the year ended 31 Oct 2010 150 Operating expenses 3750 – for the year ended 31 Oct 2011 3200 Purchase of equipment 900 – for the year ended 31 Oct 2012 310 Sales of refreshments 25000 Balance c/d 31 October 2011 3915 ____ _____ 28765 28765 Additional information: 1 Balances 1 November 2010 31 October 2011 $ $ Inventory of refreshments 2200 700 Operating expenses 100 Prepaid 250 Accrued Equipment (net book value) 3200 2700 Subscriptions in advance 175 310 Subscriptions in arrears 270 90 2 Subscriptions not collected for the year ended 31 October 2010 are to be considered as irrecoverable on 31 October 2011. REQUIRED

1. (a)Calculate the accumulated fund at 1 November 2010.[6]
2. (b)Prepare the refreshments trading account for the year ended 31 October 2011. Sandbury Sports Club Refreshments Trading Account for the year ended 31 October 2011.[4]
3. (c)Prepare the income and expenditure account for the year ended 31 October 2011. Sandbury Sports Club Income and Expenditure Account for the year ended 31 October 2011.[10]
4. (d)(i)State the section of Sandbury Sports Club's balance sheet on 31 October 2011 in which subscriptions paid in advance will appear. Give a reason for your answer.[2]
5. (d)(ii)State the section of Sandbury Sports Club's balance sheet on 31 October 2011 in which purchase of equipment will appear. Give a reason for your answer.[2]