ASSIGNMENT- Que The treasurer of the KS Sports Club provided the following information NS 2 620 2 000 At 1 August 2020 Bank overdratt 5% loan from AB Loans Receipts and payments during the year ended 31 July 2021 Subscriptions received from members Loan interest and repayment of loan Short-term interest free loan received from a member General expenses Rates and insurance Purchase of new sports equipment Repairs to sports equipment Proceeds of sale of old sports equipment (book value N$750) Receipts from sports tournament Expenses of sports tournament 2 2 100 1 000 435 3 120 4 150 215 870 525 335 At 31 July 2021 General expenses accrued Insurance prepaid 25 150 (b) Prepare the receipts and payments account for the year ended 31 July 2021 Balance the account and bring down the balance on 1 August 2021 KS Sports Club Receipts and Payments Account for the year ended 31 July 2021 Date Details Fol Amount Dato Details Fol NS Amount NS (15) [23) ) 8 NSSCOACH - Alignment 2-2021