The cash transactions of the Beaven Club are given below for the year ended 30 December 2020: Cash at the commencement of the year 4 500 Entrance fees received 18 300 Life membership subscription received 2 605 Lockers rent received 465 Subscription: Received during the year 3 500 Arrears of the last year 2 360 This year advance 346 Printing and Stationary: Paid during the year 2 160 Payable this year 94 Payable last year 312 Rent and Rates: Paid during the year 370 Payable this year 230 Sports material purchased 348 Required Prepare a receipt and payment account for the year ended on 30 December 2020