The following are the transactions of the Goodrow Athletic Club for the six months ended 30 June 2000. The only assets and liabilities of the club at 1 January 2000. Cash in hand Furniture 112 700 96 730 Creditors Subscriptions due for the six months Subscriptions received in cash (including R50 in advance for July) Amount paid for purchase of sports ground Refreshments purchased by club for cash Cash received on loan Paid creditors 640 400 1 312 Ground man's wages for six months amount to R120, of which 100 has been paid. Sales of refreshments for cash Stock on refreshment on hand, 30 June 2000 56 General expenses paid in cash 64 Furniture is to be depreciated at the rate of 20% per annum. Required (a) Cash receipts and payments. (b) Income and expenditure account for the six months with balance sheet