prepared an income & expenditure account for this Football club for the year ended 31 december 2020

A summary of the FPP Football Club is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ended 31 December 2020, and a balance sheet as at that date. Cash Book Summary RM RM Balance 1.1.2020 180 Purchase of equipment 125 Collection at matches 1,650 Rent for football pitch 300 Profit on sale of refreshments 315 Printing and stationery 65 Secretary's expenses 144 Repairs to equipment 46 Groundsman's wages 520 Miscellaneous expenses 66 Balance 31.12.2020 879 2.145 2.145 1 Additional information: 1. At 1.1. 2020, equipment was valued at RM500. 2. Depreciate all equipment 20 percent for the year 2020. 3. At 31.12. 2020, rent paid in advance was RM60. 4. At 31.12. 2020, there was RM33 owing for printing