The treasurer of Manchester United Football Club has prepared a receipts and payments statement. Unam Football Club Receipts and Payments Statement for the year ended 31 December 2019

Receipts	Payments
Bank balance 01.01.2018 1 000	Payment for bar supplies 5 250
Subscription:	Wages: Groundsman 2 450
2018 (Arrears) 350	Wages: Barman 2 100
2019 18 450	Bar Expense 1 720
2020 (in advance) 220	Repairs to Stand seat 1 125
Bar Sales 10 500	Ground Maintenance 1 360
Donation Received 480	Secretary's Expenses 1 520
	Transport Expense 2 640
	Telephone Expense 3 650
	Bank balance(31.12.2019) 9 185
31000	31000

additional notes:

	31.12.2018	31.12.2019
	$	$
bar inventory	2550	3250
bar supplies -owing	1880	1950
bar expense - owing	120	180
transport cost - owing	0	195

2.

The land and football stands were valued at 31 December 2018 at: Land N$ 22 100; Football stands N$ 14 500; the stands are to be depreciated by 10 per cent per annum. Furniture and fittings at 31 December 2018 was valued at N$13 500 and is to be depreciated at 10 per cent per annum.

3. Subscription owing by members amounted to N$ 350 on 31 December 2018, and N$420 On 31 December 2019. Required:

a) Show accumulated capital as at 31 December 2018. 02 Marks

b) Draw up a Bar Trading Statement. 09 Marks

c) Income and Expenditure Statement for the year ended 31 December 2019. 12 Marks

d) Prepare Statement of Financial Position as at 31 December 2019. 17 Marks