QUESTION 3 The following information shows the receipt and payment of the Damansara Swimming Club for the year ended 31 December 20x4. Receipt Beverage sales Subscription fees-20x3 RM 240,300 650 20x4 19.550 20x5 600 Collection of swimming competitions 980 Donation 25,800 Payment Salary of drink workers Creditors-drinks Sports equipment 4,600 18.500 13.500 Trophy purchase for swimming competition 400 Payment rates 12.800 Newspapers and magazines 500 Stationery 50 Repair expenses for the club premise 700 50,600 Renovation cost for the premise Additional information: i) The balance as per following: 1 Jan 20x431 Dec 20x4 RM RM Premises 80.000 131.200 Drinks inventory 15.400 7.500 Cash in bank 22.800 209,030 Trade payable-Drink 6.400 7.190 Subscription in areas 680 400 Subscription in advance 200 600 Inventory stationery 150 80 Sports equipment24.500 36.500 ii. 30% of the payment rates is for the drinks shop. Required: Subscriptions Account. (4 marks) Receipts and Payment Account. (3 marks) Accumulated fund as at 1 Jan 20x4. (3 marks) The Drinks Trading Account as at 31 Dec 20x4. (5 marks) The Income and Expenditure Account for the year ended 31 Dec 20x4. (5 marks) Statement of Financial Statement as at 31 Dec 20x4. (5 marks)