Matepe Sports club had the following assets and liabilities on 31 December 2019 & 2020.

2019

2020

Bar creditors

32,400

19,600

Outstanding salaries

9,600

12,400

Bar stock

56,200

75,600

Subscriptions in arrears

25,000

20,000

Prepaid insurance

6,400

9,200

Furniture (NBV)

96,000

112,000

Sports kit (NBV)

18,000

97,600

Musician fess

-

12,000

The following summary of the clubs receipts and payments was prepared by the clubs treasurer for 2020.

Receipts and payments account

Details

Shs

Details

Shs

Balance b/f

54,000

Salaries

92,800

Subscription

170,000

Musician fees

78,000

Donations

21,000

Stationery and postage

16,000

Gate moneys

225,000

Prizes

25,600

Sale of old sports kit

10,000

Charities

75,200

Bar sales

425,600

Electricity and telephone

45,000

Payments to bar creditors

252,000

Purchase of furniture

40,000

Insurance

88,000

Maintenance of sports ground

27,000

Purchase of new to sports kit

93,200

Balance c/f

72,800

905,600

905, 600

Additional information

1.Bar sales are strictly on a cash basis. Expenses relating to the bar include Salaries - sh. 36,200; electricity and telephone - sh. 18,400 and insurance - sh. 24,000.

2.The sports kit disposed off during the year had a book value of Sh. 13,600

3.The gate moneys, musician fees and prizes relate to a party organized at the club to celebrate the opening of the county after the covid-19 cross-county cessation of movement.

Required

(i)The bar income statement for the year ended 31^st December 2020

The Club's income and expenditure account for year ended 31^st December 2020