The following is the receipt and payments account of Kayode social club for the year ended 31st December 2014.

Receipts and payments for the year ended 31st December 2014

N       N cash in hand 1/1/2014                 500 cash in bank 1/182014               1,000 Subscription: 2013                                1,200 2014                                4,000 2015                                2,300    7,500 Donations                                    2,000 End of yr show                          15,000 Transfer from deposit acc          3,000                                                                                                                29,000

N purchase of sports equipment   1,800 Repairs                                      1,500 salaries                                      1,700 Insurance                                   1,000 Show expenses                          3,200 Transport expenses                      500 Secretarial expenses                    300 Purchase of furniture                  3,000 Balance c/d                               16,000                                                   29,000

Additional  Information;

i. Equipment was valued at N3,250 and furniture N1,550 on 31st December 2013
ii. Depreciation to be provided as follows:
Equipment N505
Furniture N55
iii. The following expenses were outstanding
 Salaries   N300
Transport  N100
Repairs     N250
iv. Subscriptions owing by members were as follows:
31st December 2013    N1,200
31st December 2014    N2,100
v. The balance in the bank deposit account at 31st December 2013 was N300

 You are required to prepare;

(a) Statement of affairs as at 31st December 2013.

(b) Subscription account for the year ended 31st December 2014.

(c) Income and Expenditure account for the year ended 31st December 2014