The Receipts and Payments Account of Queens Social Club for the year ended 31st December 2021 is as follows:  
Receipts and Payments Account for the year ended 31st December 2021

	$		$
Balance b/d	20,000	Expenses on diner	105,000
Subscriptions	280,000	Donations to hospital	190,000
Bat sales	221,400	Affiliation fees	6,000
Donations	50,000	Bar supplies	140,000
End of the year dinner	170,000	General expenses	183,000
		Club equipment	24,000
		Bar expenses	71,000
		Balance c/d	24,400
	743,400		743,400
Balance b/d	24,400

 

Additional information:  
                                                                                       1/1/2021  
                                                                                             $  
Club equipment (cost $ 50,000)                                      45,000  
Bar stocks                                                                         6,000  
Subscriptions  
In arrears                                                                         30,000  
In advance                                                                       50,000  
Creditors for bar supplies                                                15,000    
Furniture and fittings                                                        28,000

Provide depreciation of 10% on cost for club's equipment. You are required to prepare  
(a) Statement of Affairs as at 1/1/2021;  
(b) Bar Trading Account for the year ended 31/12/2021; (c) Subscriptions Account for the year;  
(d) Income and Expenditure Account for the year ended 31/12/2021.