Question 3: The Kelab Bola Sepak of STAR was formed on December 2016. The following information was extracted by the treasurer for the sky months ended 31 May 2019: Receipts and Payment Account Receipts RM Payments RM Subscription 201,500 Purchase of equipment 66,000 7,400 700 Tournament les Bank interest Sale of club T-shirt Life membership fee 72,300 10,000 10,800 700 6,000 67,200 Groundsman's way Rental and rates Water and electricity Postage and stationery Court maintenance Tournament prices Purchase of club Tshirt Balance c/d 16,000 2,100 7.200 ? Balance b/d The following information is relevant: 1 The annual subscription fee is RM480. On 31 May 2019, there were still sitty members who had not paid their annual subscription The payments only received on 5 June 2019. 2 The equipment is expected to be used by the club for five years, after which time it will be replaced. Its estimated scrap value at that time is RM2,000 3. During the six months, the club purchased 100 Tshirts printed with its own designed, Forty of this Tshirts remained utsoldat 31 May 2019 The club had paid business rates in advance on 31 May 2019 of RM1,000 5. The club treasurer estimates that the following amounts should be accrued for expenses RM Groundsman's wages Postage and stationery 200 Water and electricity 800 6. The life membership fees received relate to payments made by four tamilies. The scheme allows families to pay RM15,2004 which entitles them to be member for life without further payment. It has agreed that such receipts would be credited to income and expenditure in equal instalments over ten years. 700 Required: (a) Prepare a Trading Account (D) Prepare the club's income and expenditure account for the six months ended 31 May 2019