Below is a Receipt and Payment Account for uptown golf club Uptown Club Receipt and Payment...

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Below is a Receipt and Payment Account for uptown golf club Uptown Club Receipt and Payment Account for period ending 31/12/2020 Bank Balance 1/1/20 Subscriptions Bar Sales Rent Received 20,000 Payment for Bar Supplies 18,000 110,000 General Expenses 35,000 Insurance 43,000 Building Repair Secretary Expenses Furniture 34.000 22,000 21,000 15,000 50,000 Bank Balance 31/12/20 48,000 208.000 208.000 Additional information i. The following items were to be adjusted 31/12/2019 31/12/2020 Stock at bar 12,000 14,000 Bar creditors 8,000 6,000 Secretary Expenses 6,000 9,000 Prepaid Insurance 4,000 2,000 Outstanding Rent received 15,000 19,000 Prepaid Subscription 25,000 37,000 Subscription Due 18,000 23,000 ii.Furniture acquired during the year is to depreciate at the rate of 5% on cost Required i. Prepare a Statement showing Accumulated Fund as at 31/12/2020 ii. Income and Expenditure Account for the years ending 31/12/2020 iii. Statement of Financial Position as at 31/12/2020 Below is a Receipt and Payment Account for uptown golf club Uptown Club Receipt and Payment Account for period ending 31/12/2020 Bank Balance 1/1/20 Subscriptions Bar Sales Rent Received 20,000 Payment for Bar Supplies 18,000 110,000 General Expenses 35,000 Insurance 43,000 Building Repair Secretary Expenses Furniture 34.000 22,000 21,000 15,000 50,000 Bank Balance 31/12/20 48,000 208.000 208.000 Additional information i. The following items were to be adjusted 31/12/2019 31/12/2020 Stock at bar 12,000 14,000 Bar creditors 8,000 6,000 Secretary Expenses 6,000 9,000 Prepaid Insurance 4,000 2,000 Outstanding Rent received 15,000 19,000 Prepaid Subscription 25,000 37,000 Subscription Due 18,000 23,000 ii.Furniture acquired during the year is to depreciate at the rate of 5% on cost Required i. Prepare a Statement showing Accumulated Fund as at 31/12/2020 ii. Income and Expenditure Account for the years ending 31/12/2020 iii. Statement of Financial Position as at 31/12/2020