Finance and accounting

Finance and accounting The following transactions were extracted from the accounting records of Free Legal Aid Society as at 31 Dec ember 2020 Cash on 1 January 2020 14 000 Subscriptions 100 000 Donations 29 000 Charity Show receipts 20 000 Dividends received from investments 40 000 Salaries of office staff 60 000 Honorarium to legal advisors 30 000 Stationery 5000 Sundry expenses 3 000 Court fee stamps 10 000 Typewriters 20 000 Charity show expenses 5 000 Additional information: Subscription over due Subscription received in advance Stock of court fee stamps Value of office equipment Value of buildings 01-01-2020 1 000 2000 4000 42 000 80 000 31-12-2020 2 000 1 000 6 000 60 000 72 000 Required: 1. Prepare a subscription account as at 31 December 2020. (5 marks) 2. Statement of Comprehensive Income for the Charity Show for the year ended 31 December 2020. (5 marks) 3. Prepare receipts and payments account as at 31 December 2020. (10 Marks) 4. Prepare income and expenditure account as at 31 December 2020. (10 Marks)