The following is a summary of the receipts and payments of Bonanza Golf club during the year ended 31 December 2019. Bonanza Golf Club Receipts and Payments Account for the year ended 31 December 2019

K	K
Cash and bank balances b/d	630	Secretary expenses	489
Sales of competition tickets	1,311	rent	4,206
Members subscription	5,961	Visible speakers expenses	3,825
Donations	531	Donations to charities	105
Refund of rent	1,500	Prizes for competitions	810
Balance c/d	39	Stationery and printing	537
9,972	9,972

6 Additional Information:

As at 31 December	2019	2018
Equipment (original cost K4,260)	2,340	2,925
Subscription in arrears	255	195
Subscription in Advance	111	30
Owing to suppliers of competition prizes	204	174
Inventory of completion prizes	138	114

Required: a) Calculate the value of the accumulated fund of Bonanza Golf Club as at 31 December 2018. [8 Marks] b) Reconstruct the following accounts for the year ended 31 December 2019.

i)	The subscription account	[6 Marks]
ii) The competition prizes account	[6 Marks]