Coleman Potter
10/01/2023 · Senior High School

You are given the following information for United Tennis Club for the year ended 31 December 20.6 : a) Membership fees received for the year is R74 880 . b) Membership fees was R400 in 20.5 , R480 in 20.6 and will be R560 in 20.7 . c) On 1 January 20.6 , the membership fees of five members for 20.5 were still due. d) On 31 December 20.5 , six members prepaid their membership fees for 20.6 . e) On 31 December 20.6 four members paid their membership fees for 20.7 . f) Membership fees received during 20.6 included the membership fees of two members who did not pay in 20.5 g) On 31 December 20.6 , three member's membership fees for 20.6 were still outstanding. Required: Prepare the membership fees account in the general ledger as at 31 December 20.6

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To prepare the membership fees account for United Tennis Club as at 31 December 20.6, consider the following entries: | Date | Details | Debit (R) | Credit (R) | |---------------|----------------------------------|-----------|------------| | 01 Jan 20.6 | Opening balance (due from 5 members for 20.5) | 2,000 | | | 31 Dec 20.5 | Prepaid by 6 members for 20.6 | | 2,880 | | 20.6 | Membership fees received | | 74,880 | | 20.6 | Membership fees outstanding (3 members) | 1,440 | | | 31 Dec 20.6 | Prepaid by 4 members for 20.7 | | 2,240 | | | **Total** | **3,440** | **79,000** | Total Debits: R3,440 Total Credits: R79,000

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