Activity 5 G 8 20 30 000481589 MODULE 5 | Non-profit organisations The following information was obtained from the books of Golden Years Old Age Home on 30 June 20X1, the end of the financial period. On 1 July 20X0 fees amounting to R48 200 were still outstanding. On 1 July 20X0 fees paid in advance for the next financial period were R35 900. During the period 1 July 20X0 to 30 June 20X1 fees amounting to R1 467 390 were received. On 30 June 20X1 fees amounting to R62 930 were still outstanding. Golden Old Age Home Years On 30 June 20X1 fees paid in advance for the next financial period were R25 390. Of the outstanding fees on 1 July 20X0, R35 190 was recovered. The balance of the outstanding fees on that date was written off as irrecoverable. Required Show the necessary entries in the books of the Golden Years Old Age Home. H/W
Activity 5 G 8 20 30 000481589 MODULE 5 | Non-profit organisations The following information was obtained from the books of Golden Years Old Age Home on 30 June 20X1, the end of the financial period. On 1 July 20X0 fees amounting to R48 200 were still outstanding. On 1 July 20X0 fees paid in advance for the next financial period were R35 900. During the period 1 July 20X0 to 30 June 20X1 fees amounting to R1 467 390 were received. On 30 June 20X1 fees amounting to R62 930 were still outstanding. Golden Old Age Home Years On 30 June 20X1 fees paid in advance for the next financial period were R25 390. Of the outstanding fees on 1 July 20X0, R35 190 was recovered. The balance of the outstanding fees on that date was written off as irrecoverable. Required Show the necessary entries in the books of the Golden Years Old Age Home. H/W
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section: Chapter Questions
Problem 1AP
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Transcribed Image Text:Activity 5 G
8
20
30
000481589
MODULE 5 | Non-profit organisations
The following information was obtained from the books of Golden Years Old Age Home on 30 June 20X1,
the end of the financial period.
On 1 July 20X0 fees amounting to R48 200 were still outstanding.
On 1 July 20X0 fees paid in advance for the next financial period
were R35 900.
During the period 1 July 20X0 to 30 June 20X1 fees amounting to
R1 467 390 were received.
On 30 June 20X1 fees amounting to R62 930 were still outstanding.
Golden
Old Age Home
Years
On 30 June 20X1 fees paid in advance for the next financial period were R25 390.
Of the outstanding fees on 1 July 20X0, R35 190 was recovered. The balance of the outstanding fees on that
date was written off as irrecoverable.
Required
Show the necessary entries in the books of the Golden Years Old Age Home.
H/W
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