Question: ... Subscriptions received during the year ended March 31, 2017 by Chicago Arts Club were as under: 2015-16 2016-17 $ 5,000 1,08,000 3 000 1,16,000

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Subscriptions received during the year ended March 31, 2017 by Chicago Arts Club were as under: 2015-16 2016-17 $ 5,000 1,08,000 3 000 1,16,000 2017-18 Additional Information: Total number of members $ 240 Annual Subscription fee $ 500. Subscriptions Outstanding on April 1, 2016 $ 9,000 Show the amount of subscription in Income and Expenditure Account for the year ended 31st March 2017 and in the Balance Sheet as at that date
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